Business and economic information you need to know
Oct 27, 2009 11:46 am US/Eastern
Video Games Sales Up In September
NEW YORK (CBS4) ―
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Junko Kimura/Getty Images
Many economists say consumers are preparing to spend more, whether it's because of frugal fatigue, an upswing in the economy or even just the holiday season. But gamers have reasons each week to shell out money and with the release of a long-awaited game, the industry is starting to climb again.
After six straight months of double-digit decline, U.S. video game sales finally saw an improvement in September. Microsoft's "Halo 3: ODST" helped push software sales five percent higher, to $649.3 million.
Unfortunately, the rebound was much more muted than analysts had hoped. Market researcher NPD Group reported a one percent increase in sales of video game hardware, software and accessories in September compared with the same month last year, totaling $1.28 billion. Year-to-date sales were still down 13 percent.
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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