The absence of a blockbuster release and the recession combined to push US video game sales sharply lower last month, market research firm NPD Group said.
US video game sales fell 17 percent last month compared with a year ago to US$1.03 billion, NPD said late on Thursday, and were down 30 percent from sales of US$1.43 billion the previous month.
Hardware sales fell 8 percent year-on-year to US$391.6 million, software sales dropped 23 percent to US$510.7 million and sales of accessories were down 15 percent to US$129.4 million, NPD said.
‘SOFT ON THE SURFACE”
“While April sales might appear soft on the surface, it’s important to remember that April is being compared against a month that realized nearly 50-percent growth over April 2007,” NPD analyst Anita Frazier said.
April last year saw the release of hot-selling games Grand Theft Auto IV and Mario Kart.
“While the continued difficult economic environment is a factor to consider,” Frazier said, “video games is the category that consumers tell us they’re least likely to cut their spending on in coming months.”
TOP PLATFORM
Nintendo’s Wii console remained the top-selling game platform last month, but its sales of 340,000 units were down 43.4 percent from March.
Sales of Microsoft’s Xbox 360 plunged 47 percent last month compared with the previous month to 175,000 units, while Sony’s PlayStation 3 saw sales drop by 41.7 percent to 127,000 units.
Sales of Sony’s PSP handheld console fell 30.9 percent last month to 116,000 units.
Sales of Nintendo’s DS soared last month to 1.04 million units from 563,000 in March on the release of the Nintendo DSi, the latest version of its handheld console.
Sony’s PlayStation 2 also bucked the trend, selling 172,000 units last month, up from 112,000 in March, owing largely to cutting the price to what the NPD’s Frazier called the “budget-friendly price point of 99 dollars.”
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
PROJECTION: TSMC said it expects strong growth this year, with revenue in US dollars projected to grow by about 30 percent, outperforming the industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales last month reached NT$317.66 billion (US$9.98 billion), the highest ever for the month of February, driven by robust demand for chips built using the company’s advanced 3-nanometer (3nm) process. Last month’s figure was up 22.2 percent from a year earlier, but fell 20.8 percent from January, the world’s largest contract chipmaker said in a statement. For the first two months of the year, TSMC posted cumulative sales of NT$718.91 billion, up 29.9 percent from a year earlier. Analysts attributed the growth to sustained global demand for artificial intelligence (AI) products