SE - Videogame sales slip 8% in first quarter with mobile leading declines

Consumer videogame spending fell 8% in the first quarter compared to the same period in 2021, an indicator of the comedown from mid-pandemic highs as some consumer dollars found their way back to alternative experiences, and the industry continued to struggle getting new consoles into buyers' hands. Data from NPD Group's Q1 2022 Games Market Dynamics report show overall spending at $13.9 billion for the January-March quarter, with broad declines - though mobile contributed most to the drop, with U.S. spending in mobile games dropping 10% year-over-year, according to Sensor Tower. Declines were seen in console and portable content, PC, cloud and non-console VR content, mobile content, hardware and accessories. Content spending, the biggest factor, overall fell 7% - subscription content was the only segment there that gained, NPD says - while hardware spending fell 15% (unit sales led by Nintendo Switch (OTCPK:NTDOY); dollar sales led by Xbox (NASDAQ:MSFT)), and

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Videogame sales slip 8% in first quarter, with mobile leading declines