Video game spending in 2020 hits record $ 56.9 billion

zA

With many Americans stranded in their homes last year due to the pandemic, spending on video games has hit a new high.

Total spending on video games in 2020 reached $ 56.9 billion, up 27% from the previous year, according to research firm NPD Group.

Consumer spending last December, an important month for the industry with holiday shopping booming, hit a record $ 7.7 billion, a 25% increase from 2019.

Last year also saw the arrival of new video game hardware: Sony’s PlayStation 5 and Microsoft’s Xbox Series S / X. Both devices were launched in November.

Mat Piscatella, executive director and video game industry advisor for NPD Group, said on Twitter spending in December “could have been significantly higher” if it were not for constraints on the supply of PS5 and Xbox.

CES 2020: Yes, you can have – and deserve – a bigger TV

Social media: Trump allies and Republican lawmakers lost thousands of followers in Twitter purge

Consoles were a hot holiday giveaway last season but were also hard to buy so much …

Read Full Story

News Highlights Finance

  • According to the source Video game spending in 2020 hits record $ 56.9 billion
  • Check all news and articles from the Gaming news updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

For Latest Updates Follow us on Google News

Read Next News
  • Show all
  • Trending
  • Most Viewed

Best Camcorders

Times have never been better for the best camcorders - 4K cameras are now available at all prices. More and more people are realizing that having a ...

CBS News exclusive: Ex-Cuomo aide details governor's alleged sexual harassment

In a CBS News exclusive interview, Norah O'Donnell speaks with Charlotte Bennett, a former aide to New York Governor Andrew Cuomo who alleges he ...

Final Trade | ZeeBusiness Live TV | Hindi Business News | Stock Market Live Update |

in the segment you can watch the latest business news, stock market news, share market news, Sensex nifty, Sensex share market, Sensex news, nifty ...

Show next
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0
Shopping cart