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Video game sales drop 8% in April, although consoles rebound (OTCMKTS:NTDOY)

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Video game industry sales fell 8% year-over-year in April – the sixth consecutive month worse than the previous year, although at least the declines have stopped accelerating.

December sales were down 1% from a year earlier, while January fell 2%; February sales fell 6%; and March fell 15%.

Overall April sales fell 8% from April 2021 to $4.337 billion, according to NPD Group. Hardware sales saw rare growth, rising 16% to $343 million, as some console supply tensions eased. But that number was overwhelmed by a further decline in accessories (down 10% to $151 million), and especially gaming content, which fell 10% to $3.844 billion.

April’s hardware rebound trimmed this region’s year-to-date decline to 9%, totaling $1.543 billion in 2022. Nintendo Switch (OTCPK:NTDOY) again led the month in sales units, ahead of the Xbox Series (NASDAQ: MSFT), while PlayStation 5 (NYSE: SONY) led the month in dollar sales, again ahead of Xbox there. Year-to-date, the Switch has been the top seller by units and the Xbox the top seller by dollar sales.

Accessories continue to decline, with year-to-date sales falling 15% to $743 million. April’s best-selling accessory is the PS4 DualShock 4 Black Wireless Controller (SONY), while the best-selling accessory of the year is the Xbox Elite Series 2 Wireless Controller (MSFT).

In the content of the game, the recent king has been dethroned. Ring of Elden (OTCPK:NCBDY) fell to second place after two months at the top; the new king is Lego Star Wars: The Skywalker Saga (NASDAQ: WBD), a game that takes the series of nine films in the form of bricks.

The game had the highest launch month dollar sales for any Lego title in history, notes NPD analyst Mat Piscatella. It was also the first third-party title to be the best-selling on the Nintendo platform in over a year.

Rounding out the top 10 gaming content dollar sales: #3, MLB: The Show 22; Number 4, Kirby and the Forgotten Land (OTCPK: NTDOY); No. 5, Nintendo Switch Sports (OTCPK: NTDOY); Number 6, Call of Duty: Vanguard (ATVI); No. 7, Horizon: West forbidden (SONY); No. 8, Mario Kart 8 (OTCPK: NTDOY); No. 9, Gran Turismo 7 (SONY); and No. 10, Pokemon Legends: Arceus (OTCPK: NTDOY).

Mobile games also continue to cool as consumers face more entertainment options, and spending on games through Google Play is hit harder than expected, Piscatella notes, due to inflation and the end of the pandemic. stimulus payments.

Sensor Tower data shows the top mobile games by revenue for April were Candy Crush Saga (ATVI), Roblox (RBLX), Coin Master, Evony: The King’s Return, Royal Match, State of Survival: Zombie War, Bingo Blitz, Clash of Clans, Genshin Impact, and Call of Duty: Mobile (ATVI).

Associated symbols: OTCPK:NTDOY, SONY, MSFT, HEAR, LOGI, CRSR, EA, ATVI, TTWO, WBD, OTCPK:UBSFY, OTCPK:NCBDY, OTCPK:SQNNY, OTCPK:CCOEY, OTCPK:SGAMY, ZNGA, SKLZ, SE , NTES, OTCPK: TCEHY, RBLX. Retail stock: GME.

ETFs: GAMR, ESPO, NERD