US video game sales dip to Oct 2006 levels

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LOS ANGELES (AP) - U.S. sales of consoles and video games fell 14 percent in May to $743 million, the lowest monthly figure since October 2006.

NPD Group, which compiles the data, said Monday that the decline is mostly due to a light schedule of new releases. There were just 42 new games released in May compared to 58 in the same month a year ago.

“As a result of a lighter release slate, promotional activity at retail and in circulars was reduced as well, which undoubtedly affected not only planned but impulse purchases,” said NPD analyst Anita Frazier, in a statement.

Some of the loss in hardware, software and accessories could also be due to gamers spending more on online content, she said.

Hardware sales fell 5 percent to $229 million, software sales fell 19 percent to $376 million and accessories sales fell 6 percent to $114 million.

The top-selling game was “L.A. Noire,” an interactive crime story game made by Rockstar Games for the Xbox 360 and PlayStation 3.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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