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60°

Video game sales soar despite console shortage

U.S. video game sales - including hardware and software - jumped 34 percent in February to hit $1.33 billion, even with two top-selling consoles in short supply, according to data from market researcher NPD Group.

February is normally a slow month for video game publishers coming off holiday highs, and consumers have also been cutting back spending amid economic worries. Still, with "several marquee titles still to come in the front half of the year, the industry is poised to achieve another year of record-breaking sales despite difficult economic conditions," said NPD analyst Anita Frazier in an e-mail.

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butterfinger5881d ago

for the flame bait. These Microsoft manipulated articles are pointless and annoying and you shouldn't be allowed to tag this under PS3.

mighty_douche5881d ago (Edited 5881d ago )

Shortages... lol. People shouldnt believe everything they read.

Oh and top selling 2 consoles? I thought it was Wii and 360 having issues, not Wii and PS3?

butterfinger5881d ago

What else did you expect? lol

Bladestar5881d ago

No shortages?...
Explain... why they xbox 360 had a jump in of 22% from the previous month, even after Sony declared victory with blu-ray? 22% jump without any new exclusive games? how is that? the PS3 only had a 11% jump even after blu-ray news... how can that be? Also explain why microsoft signed a multi-million if not billion deal with 2 hardware manufacturers to increase production... does that sound like something a company would do if just to prove fanboys that don't believe shortages are real? Microsoft, "ohh wow.. we lost to Sony this month... let's fake a shortage... by saying that there is no shortages... let's sign a deal with company to push 1-2 million more consoles to the market..."... yeah... as if a) as if stores will order more consoles when they have plenty... b) the following months will not prove that there arent shortages....

NPD numbers showed a 22% increase in sales for the xbox 360 for no aparent reason.... if the next month the same or better happends than that would be you are and evevery xbox 360 hater is full of it... specially since there is no price drop in the US.

butterfinger5881d ago

considering if the 360 jumped double the percentage of the PS3 you would think that it would have outsold it. The fact of the matter is that it didn't and your percentages provide no meaning. There could be several reasons why MS signed a deal with a manufacturing company, btw. One could possibly be the highly anticipated release of GTAIV... Just a guess... lol

crck5881d ago

"Nintendo's Wii and Microsoft Corp.'s Xbox 360 have been in such high demand stores are having a hard time keeping them in stock."

Hahahahahahah They have no shame.

butterfinger5881d ago

I know if I want a Wii right now, I couldn't find one around here anywhere, but if I wanted a 360, I could pick up 10!

DJ5881d ago

A few PS3s in the glass case, and not a Wii in sight. Microsoft's probably going to claim shortages all year round.

Sir Ken Kutaragi 35881d ago

...despite FAKE console shortage!!! ;-D

30°

Pacific Rim Pinball comes to Pinball FX

This could be fun as they make great tables. Go big or go extinct. Prime your senses for a neural handshake and step into the cockpit of a Jaeger. It is on you to cancel the apocalypse when Pacific Rim Pinball comes to Pinball FX on May 16.

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Garethvk18h ago
170°

Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3

Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.

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darthv7214h ago

Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.

solideagle1h ago

you should apply in MS PR team buddy, I think you will do a great job in my humble opinion :)

Cacabunga1h ago

I can tell people like you are an absolute minority..

If service is up means their fans and fanboys accepted this model and subscribed to it. The near future you will see a big decline because the service is saturated.

shinoff218315m ago

But that's been ms for years. When things aren't going their way they try to change the way things are said. For instance console sales are down, they stop telling how many sold instead telling us how many hours spent in halo or headshots. So it makes sense console sales down just say people are playing on more devices then previous. What they won't say is how many xbox players jumped ship to ps5.

purple1013h ago

Xbox hardware revenue tanks to lowest point of Xbox Series generation

Profchaos3h ago

I'm not surprised surface is struggling they aren't relevant anymore

XBManiac2h ago

Too expensive hardware when others offer the same or more for less? Good work, Green Team.

SimpleDad2h ago(Edited 2h ago)

"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."

That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.

purple1012h ago

Activision: "we gonna need a bigger rucksack/backpack please"

Microsoft: "why's that"

Activision: "to carry yo' weak ass'

Profchaos1h ago(Edited 1h ago)

Top brass have also wanted to start seeing returns on the 100 billion they have put into various Xbox related moves so seeing more multiplatform games is highly likely especially from abk

It's basically saying that PlayStation is the reason Xbox is afloat right now thinks to Ps5 versions of COD

Kornholic15m ago

So basically PS and PC gamers' money is keeping Xbox on life support.

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130°

Why Monopolies In Gaming Must Not Be Allowed

As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.

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thorstein13h ago

Shouldn't be allowed in any field.

Inverno9h ago

And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.

jwillj2k48h ago

Eventually they’ll realize the value is with the employee not the company. Buying an IP means nothing if the people who contributed are let go. They’ll get it one day.

MrCrimson7h ago

tech is different because they buy threats and then kill them. Twitter bought Vine and did nothing with it. Despite people seemingly liking it. Could've had tiktok a decade before bytedance. go figure.

Zenzuu8h ago

Monopolies shouldn't be allowed regardless. Not just for gaming.

MrCrimson7h ago

They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -