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Benzinga
Benzinga
Technology
Anusuya Lahiri

Analyzing The Videogame Spending And Winners

NPD analyst Mat Piscatella said that U.S. November 2021 consumer spending across video game hardware, content, and accessories fell 10% year on year, to $6.3 billion. 

  • The YTD consumer spending rose 9% Y/Y to $52.9 billion. 
  • Hardware dollar sales fell 38% Y/Y, leading the market to an overall 10% decline Y/Y. 
  • For November, the video game hardware dollar sales declined 38% Y/Y to $883 million. 
  • Nintendo Co Ltd's (OTC: NTDOY) Switch was the best-selling hardware platform in both units and dollars for November 2021 and 2021 YTD. Other companies in the video game console space include Microsoft Corp (NASDAQ: MSFT) and Sony Group Corp (NYSE: SONY). 
  • Activision Blizzard Inc's (NASDAQ: ATVI) "Call of Duty: Vanguard" debuted as November's best-selling game in the U.S., instantly becoming the 2nd best-selling game of 2021 to date. It marked the 14th consecutive year for the "Call of Duty" game, ranking as the best-selling game of its release month.
  • Electronic Arts Inc's (NASDAQ: EA) "Battlefield 2042" launched as the #2 best-selling game of November, ranking as the 6th best-selling game year to date. 
  • Xbox Game Studios' "Forza Horizon 5" set a new "Forza" franchise month sales record while ranking the 4th best-selling game of November 2021. 
  • Price Action: ATVI shares traded higher by 1.46% at $59.56 in the market session on the last check Tuesday.
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