TTWO - New console launches pace a record $7B November for videogame sales

Videogame sales growth rose sharply as November kicked off its first pandemic holiday season - a case of more of the same in 2020, as game makers have seen a banner year from the stay-at-home business, and rolled out a new generation of major consoles for the first time in seven years. Overall sales rose 35% year-over-year to a November-record $6.97B, according to NPD Group. The figure brought year-to-date overall sales to $44.5B, 22% higher than the first 11 months of 2019. That was paced by a November record of $1.4B spent on new hardware - up 58% from last year, fed of course by the launch of the Sony PlayStation 5 (SNE) and Xbox Series X and S (MSFT). That strong month brought year-to-date hardware sales just short of $4B, up 34% from this point last year. PlayStation 5 was the dollar leader in sales, with the highest hardware-platform

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New console launches pace a record $7B November for videogame sales