Video Game Spending In 2022 Continues Decline

A report from NPD Group shows that video game spending in 2022 is continuing to decline. The report shows that spending has dropped 13% in this year’s second quarter, as compared to the same period from last year.

Quarter two 2022 spending amounted to $12.35 billion, a drop of $1.71 from Quarter two 2021. One of the biggest factors in this decline was the decrease in mobile spending, which dropped by 12%. Meanwhile, hardware spending decreased by 1% and accessory spending by 11%.

NPD Group’s report attributes the decline to a return to work and public places, as well as an uncertain economic environment marred by inflation and increased gas prices. The report adds that the overall state of the economy will have a large impact on the gaming industry in the coming months.

(All information was provided by GameSpot)

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