The videogame industry has seen its sharpest decline in almost a year, with overall sales in April dropping by 26 percent.
NPD Group found that sales of all videogame hardware, software and accessories dropped from $1.03 billion this April to the same period last year. It is, according to NPD, the fourth-largest year-on-year decline ever.
As hardware sales have staggered, so too have game sales. NPD reckons there’s barely been anything to get excited about over March which is why sales for software have been so low. They’re down 22 percent year-on-year. Analysts estimated a five percent decline. However, things may pick up with the release of Super Mario Galaxy 2 and Red Dead Redemption. It’s also thought that Microsoft’s Natal is going to give a boost to the industry.
The Wall Street Journal reports that some investors believe a lot of consumers are preferring to play free or inexpensive games on mobile devices such as the iPhone, as well as titles that can be found on Facebook. It’s a sad day when a genuinely creative industry is having to worry about the likes of FarmVille.