Consumers spend $57 bn on video games in US in 2020

Consumers spend $57 bn on video games in US in 2020
San Francisco, Jan 16 (Ians) As people spent most time at home owing to the pandemic, spending on video games set a new record of $56.9 billion in 2020 in the US, according to a new report.

This is a 27 per cent increase compared to 2019.

The consumer spending on hardware reached its highest level since 2011 at $5.3 billion, a 35 per cent increase compared to 2019, according to data provided by global market research company Npd Group.

"December 2020 consumer spending across video game hardware, content and accessories reached a record $7.7 billion, 25 per cent higher when compared to a year ago," said Mat Piscatella, Executive Director at the Npd Group.

"Full year spending also set a new record, totaling $56.9 billion, 27 per cent higher than 2019".

Hardware dollar sales reached $1.35 billion in December 2020, an increase of 38 per cent when compared to a year ago.

"Annual hardware dollar sales totalled $5.3 billion, 35 per cent higher than 2019, and the most since $5.6 billion
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