The NPD Group has released its August 2022 report covering video game hardware, software, and accessory sales in the US.
According to the NPD, total videogame industry spending declined 5% year-over-year (yoy) to $4.10 billion. Year-to-date spending sits at $34.6 billion, a 9% decline yoy.
For the month of August, hardware sales grew by 14% yoy to $375 million, helped by improved supply of PlayStation 5 and Xbox Series consoles. Year-to-date hardware spending declined by 4% to $2.9 billion.