Circana has shared new video game data that shows how challenging 2024 was for video game hardware. Total spending on PlayStation, Xbox, and Switch devices in the US declined a gargantuan 25%, dropping to $4.9 billion (down from $6.45 billion in 2023).
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Geek Alliance LLCFor December 2024 specifically, spending on new video game hardware fell 29%, declining to $1.1 billion. PS5 hardware sales in December 2024 dropped by 18%, with Xbox Series X|S and Switch sales…
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2 Comments
Wow, 2024 really hit the gaming hardware market hard. A 25% drop in spending is pretty wild, especially with all the hype around new releases and upgrades. I guess the excitement just didn’t translate into sales. It’s a bummer to see PS5, Xbox, and Switch struggling like that, especially during the holiday season when everyone usually goes all out.
I wonder if it’s due to people just being satisfied with what they already have or maybe the economy playing a role. It feels like we’re in this weird spot where gamers are waiting for something truly groundbreaking before they invest again. Hopefully, the industry can bounce back with some killer games or hardware announcements soon!
Wow, that drop in hardware spending is pretty wild. A 25% decline is no joke, especially when you think about how the gaming scene has been buzzing lately. I guess the hype for new consoles didn’t really translate to sales like everyone thought it would.
It’s rough seeing PS5 sales dip, especially since it felt like it was finally hitting its stride with some solid exclusives. And the Switch? I thought it had more life in it, but maybe people are just waiting for the next big thing. With so many games coming out and the economy being what it is, it’s no surprise that folks are tightening their wallets.
I wonder how this will impact the gaming landscape moving forward. Will we see more focus on software or are companies gonna try to push new hardware despite these numbers? It’s definitely a tricky time for the industry.