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Video game sales could drop for the first time in years, research finds

For the first time in years, the use of video games could go down worldwide.

Video game sales are expected to fall 1.2% this year, after gaining 5% a year ago, according to a report by Ampere Analysis.

The report showed a sharp rise in video game sales between 2019 and 2020, as the pandemic forced many of the world to stay home.

Although global inflation is playing a factor in its report, Ampere Analysis also expects a drop in sales in Russia to play a role. Russia is expected to drop from No. 10 in the largest gaming network to No. 14. Video game sales are expected to fall by $ 1.2 billion in Russia alone.

The supply chain is also affecting access to consoles, especially in China, the analysis noted.

“After two years of major expansion, the gaming market is poised to reverse some of that growth in 2022, as several factors combine to weaken performance,” said Piers Harding, director of research at Rolls Ampere Anaylsis. “However, the year will end ahead of the pre-pandemic evolution, and the outlook for the sector as a whole remains positive, with the growth forecast to return in 2023.”

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Video game sales could drop for the first time in years, research finds Source link Video game sales could drop for the first time in years, research finds

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