The NPD Group has released its July 2022 report covering video game hardware, software, and accessory sales in the US.
According to the NPD, total videogame industry spending declined 9% year-over-year (yoy) to $4.18 billion. Year-to-date spending declined 10% to $30.5 billion yoy, with subscription content remaining the only major spending category seeing growth.
For the month of July, hardware sales increased by 12% yoy to $362 million. However, year-to-date spending on hardware fell 7% to $2.5 billion.
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