Console Sales Plummet, Holiday Spending Drops
Update: 2025-12-18
Description
Console Sales Plummet: Rising Prices and Holiday Spending DeclineThe video game industry is facing a significant downturn, with console sales reaching a decade-low. The average cost of new hardware has surged from $235 in 2019 to $439 in 2025, contributing to a 4% decrease in total spending to $5.9 billion. Hardware spending, including Microsofts Xbox Series and Sonys PlayStation Five, has plummeted, with the Xbox Series down 70% and the PlayStation Five down 40%. Even Nintendo Switch sales have seen a 10% drop.Despite the gloomy hardware market, popular games like Call of Duty: Black Ops Seven, Battlefield Six, Minecraft, and Red Dead Redemption Two continue to thrive. However, experts predict that rising hardware costs will persist into 2026, making holiday discounts a wise investment for those considering a new console.
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