Video Game Software Sales Up19 Nov, 2002 By: Kurt Indvik
Sales of video game software for the first 10 months of 2002 in the U.S. rose 32 percent over the same period a year ago, to $3.3 billion, reported NPDFunworld, a division of market research firm The NPD Group.
Domestic retail sales of all videogame hardware, software and accessories exceeded $6 billion for the 10-month period, a 25 percent increase over same period 2001 totals. The market research firm said it is confident that the video game business will exceed $10 billion in 2002, beating 2001's all time high of $9.4 billion. According to NPDFunworld, more than 50 percent of annual video game sales typically occur in the fourth quarter.
“Another 200 new video game titles are expected to be released prior to the New Year across five variable systems,” said Richard Ow, senior account manager at NPDFunworld. “With so many games to choose from, it's no wonder the video game industry is headed for a record-breaking year.”
Grand Theft Auto 3 by RockStar Games, the number one selling video game in 2001, continues to be the top seller in 2002 year-to-date. The controversial Grand Theft Auto: Vice City, debuting last month, has already sold 1.4 million units.