Video game sales up 37 percent to $1.12B in May
Thursday, June 12, 2008; 9:57 PM
SAN JOSE, Calif. -- U.S. retail sales of video games, consoles and game accessories hit $1.12 billion in May, a 37 percent rise over the same month last year, driven by the chart-topping Grand Theft Auto video game, market researcher NPD Group reported Thursday.
Nintendo Co.'s Wii console is still the top-selling hardware unit, with 675,100 units sold in May. Nintendo's DS handheld player took second with 452,600 units sold. Those units have captured the top two spot's for four consecutive months.
Hardware sales rose 34 percent to $428.6 million, while software sales rose 41 percent to $536.9 million, compared to the same month last year, NPD reported.
Take-Two Interactive Corp's Grand Theft Auto continues to be the No. 1 selling video game, and its version IV, released in April, sold 871,300 units in May.
NPD analyst Anita Frazier said the success of Grand Theft Auto IV is not translating into big hardware sales for either the PlayStation3 or the Xbox 360 games consoles, "but there may yet be a lift in June due to gift-giving for Father's Day and graduations."
Sales year-to-date come to $6.6 billion and the industry is on pace to bring in revenue between $21 billion and $23 billion for 2008, Frazier said.