Circana's recent data reveals a significant 25% decline in US video game hardware spending in 2024, totaling $4.9 billion. December saw a staggering 29% drop, with PlayStation 5 remaining the best-selling console despite declining sales across platforms. Mat Piscatella noted that while declines were anticipated, the magnitude exceeded expectations. Digital versions of consoles are gaining traction with nearly half of PS5 and Xbox Series X|S sales being disc-less. Notably, the PS5 ranks third in US dollar sales history and shows steady performance compared to previous generations, though Xbox is lagging behind.
Total spending on video game hardware in the US dropped by 25% in 2024, reflecting a major decline as major consoles reach market maturity.
Despite a sharp decline in hardware sales, the PS5 led unit and dollar sales, highlighting its ongoing popularity in the market.
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