Video Game Sales Nearing Record Year

Video Game Sales Nearing Record Year

by June 24, 2002

From XenGamers:

According to British research agency Media Group, the videogame industry is on pace to break sales records for the year. More aptly, recently published figures suggest sales will grow more than 12 percent this year, topping $31 billion worldwide. Of that figure, hardware sales are expected to account for $20 billion, roughly 70 percent of all sales. By the end of the year, next-generation console sales are expected to top 70 million units, with Sony representing 69 percent of the market. Moreover, today’s report from Media Group suggests the industry will continue its unparalleled growth in the coming years.