1122 ET - The U.S. videogame industry fall 7% in August compared with the same period a year ago, driven by a 36% decline in consumer spending on hardware, according to projections form Circana. The hardware dropoff may reflect Microsoft and Sony Group's plans to release new variations of their current generation consoles for the holiday season. However, Nintendo said in May it won't be announcing a successor to its seven-year-old Switch console until the end of March 2025. (sarah.needleman@wsj.com)
(END) Dow Jones Newswires
October 11, 2024 11:23 ET (15:23 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.