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.
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