TODAY ONLY - 4x your impact with a Giving Tuesday match! MATCH MY GIFT
Codebreaker

Video game sales plummet

John Moe Jul 13, 2012

It’s a weird time to be in the video game business. On today’s Tech Report, we tell you about Ouya, a not-yet-built console that raised a million bucks in just eight hours on Kickstarter and has raised over four million bucks overall, promising an open environment for game developers. So people do like games.

That fondness is not reflected in new sales figures, however, that show game sales tumbling a whopping 29 percent in June. 29? Yes! WHAT? I know.

Among losers, Microsoft was the winner, says Bloomberg:

Microsoft Corp. said U.S. retailers sold 257,000 Xbox 360 game consoles in June, giving the company more than 40 percent market share for the 18th straight month. A year ago, Microsoft sold 507,000 of the consoles.

If I’m a video game executive, I’m bumming. But I’m not a video game executive. I’m a dad and I think this news is actually good news. It means that in the first month of summer, kids might be going outside instead. GO OUTSIDE, KIDS! YAY! BIKES! POOLS! YAY!

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Biggest. Match. Ever.

For Giving Tuesday, the Kendeda Fund is matching all donations 3-to-1.

Don’t wait: this special match is TODAY ONLY!