NCBDY - Videogame sales drop for fourth month amid hardware slowdown

Videogame sales fell year-over-year for a fourth straight month in February - now with broad drops across categories keeping up the slump vs. the prior year (and against some tough pandemic comparisons). Overall sales fell 6% from February 2021, to $4.384 billion, according to NPD Group. January's sales had fallen just 2% from the prior year. And December's had dipped 1%. February's sales weren't lifted by hardware, as had been the case recently: Hardware dollar sales fell 27% to $295 million (and new-generation consoles were still hard to come by amid ongoing supply issues). Accessory sales dropped 7% to $180 million. And the biggest category, software/games, saw a 4% drop to $3.91 billion. In hardware, the best-selling platform for the month in unit and dollar terms was the Nintendo Switch (OTCPK:NTDOY), followed on both counts by the Xbox Series S/X machines (NASDAQ:MSFT). PlayStation 5 (NYSE:SONY), meanwhile, leans on a strong

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Videogame sales drop for fourth month amid hardware slowdown