CRSR - Videogame sales dip for third month despite hardware surge

Videogame sales fell year-over-year in January for a third straight month, as a drop-off in content and accessories revenues couldn't be saved by still-strong hardware sales. Overall sales dipped narrowly, down 2% from January 2021 to $4.684 billion, according to NPD Group, led lower by videogame content sales that fell 4% to $4.109 billion. Accessory sales fell 15%, to $185 million, and hardware sales (on the continuing power of new-generation consoles from Sony (NYSE:SONY) and Microsoft (NASDAQ:MSFT)) rose 22% to $390 million. The sales figures broke a six-month winning streak by declining in November, and then fell again in December (two months covering the critical holiday shopping season). For January, though, hardware logged its highest sales total since the last generation, in January 2009. And despite some ongoing strength from Nintendo's Switch (OTCPK:NTDOY), the best-selling platform in unit and dollar terms was Sony's PlayStation 5 (SONY), ahead of Microsoft's Xbox

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Videogame sales dip for third month despite hardware surge