Video game industry happy 2014 is over, with software sales slumping

Video game industry seeking stability in 2015 after a rather rocky 2014, analysts say.

Published Thu, Jan 15 2015 8:36 PM CST   |   Updated Tue, Nov 3 2020 12:10 PM CST

The video game industry had a lot to cheer for, as developers are excited to make games for the Microsoft Xbox One, Sony PlayStation 4 and PC, but slumping game sales caused major headaches.

Video game industry happy 2014 is over, with software sales slumping | TweakTown.com

Hardware sales are racking up strong sales numbers, but not enough gamers are purchasing new titles, according to The NPD Group. Hardware sales increased 20 percent, up to $5.07 billion throughout 2014 - but Microsoft and Sony are engaged in a price war, with console prices continually dropping.

Disc video game sales in December dropped 2 percent year-over-year, down to $1.28 billion, as the industry strives for stability. A 2 percent year-over-year drop is smaller than previous months, and could indicate that gamers were willing to break out the wallet for new titles.

In addition to software sales, consoles bundled with video games proved to be popular, with a whopping 121 percent growth year-over-year, NPD figures report.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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