Switch Best-Selling Console in the US in Q1 2022, Xbox Series Had 'Incredible Q1' - SalesWilliam D'Angelo , posted on 04 May 2022 / 2,303 Views
The NPD Group's executive director and video game industry analyst Mat Piscatella has revealed some data on the US video game market for the first quarter of 2022, which ran from January to March.
Spending in the US on video game hardware, content, and accessories decreased eight percent year-over-year to $13.9 billion. Hardware spending dropped 15 percent, content spending was down seven percent, and accessory spending decreased 16 percent.
Despite the decline compared to last year, the US video game market is trending above pre-pandemic levels and the drop year-over-year is likely due to a return of more normal spending, according to Piscatella.
The Nintendo Switch was the best-selling video game console in Q1 2022 in the US, while the Xbox Series X|S led hardware in terms of consumer spending.
Piscatella said the Xbox Series X|S "had a pretty incredible Q1 overall." This is especially true when you compare it to how Xbox was doing before the launch of new generation of consoles.
Elden Ring was the best-selling game of the quarter in terms of dollar sales.
Spending on subscriptions grew in the mid-single digit percentage compared to last year and was the leading growth segment in the industry.
According to the new Q1 2022 Games Market Dynamics report from The NPD Group, U.S. spending on video game hardware, content and accessories reached $13.9B in the quarter, a decline of 8% when compared to Q1 2021. Content spending was -7% vs YA, hardware -15% and Acc -16%. pic.twitter.com/T3egW7J4Wx— Mat Piscatella (@MatPiscatella) May 4, 2022
Absolutely, especially considering where it was prior to the launch of the gen. Xbox had a pretty incredible Q1 overall.— Mat Piscatella (@MatPiscatella) May 4, 2022