2018 Started Great For Video Game Industry

This year turns out to be a great one for the video game industry because many players and enthusiasts are picking up the new releases as soon as they are available in the market. There are many ways to buy games for cheap therefore many are getting to know the charm that video game holds for them.

For the video game industry, things are going well because the spending of the consumers has actually increased by 40 per cent. These are from video games bought by players in the United States. In a report published by The NPD Group, the first six months of this year has earned the industry a total of $19.5 billion.

A big part of the increase is due to the high amount spent by consumers in buying game software which also includes mobile games. The total revenue from game software alone is $16.9 billion. According to The NPD Group, the highest growth has been evident in the mobile game industry.

For the seventh consecutive years, the money spent by consumers in purchasing video game hardware has reached the highest for 2018. This is mainly due to the Xbox One released by Microsoft and the Super NES Classic Edition launched by Nintendo. These video games hardware resulted to an increase of 21 per cent in the first half of the year amounting to $1.7 billion. It is common for the hardware spending to increase only when the Christmas season is coming up so this came as a surprise.

There are many popular games cashing in the industry right now and those that are receiving a lot of impact in the financial aspects include Fortnite, God of War from Sony, Candy Crush from Activision and Far Cry 5 from Ubisoft which also received the award of being the highest grossing console game sales for 2018 as of the month of July.

The consumer spending is only going to continue rising because they can buy games for cheap but also because there are most-awaited games to be released soon such as Red Dead Redemption 2 and another one from Rockstar Games which is also the developer of Grand Theft Auto.