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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/8\/2\/23288496\/us-video-game-spending-npd-second-quarter-2022<\/a> US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD. Overall, spending in video gaming in the US totaled $12.35 billion in the recent quarter, down 13 percent year over year. The findings follow both Microsoft and Sony reporting revenue declines in gaming as the pandemic growth slows.<\/p>\n Sony warned of a weaker PlayStation business<\/a> earlier this week as it saw game software sales plummet 26 percent year over year. Sony blamed the slump on a lack of big PlayStation titles this year compared to 2021 and less time spent playing games in general. Microsoft\u2019s Xbox hardware revenue dipped<\/a> 11 percent year over year in its recent quarter alongside a 6 percent drop in Xbox content and services revenue and a 7 percent decline in overall gaming revenue. <\/p>\n
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