Videogame Sales Rise Four Percent in December; Best Month Ever

The videogame industry posted sales of $5.53 billion in December, up four percent from a year ago, and the best single month ever, according to market research firm NPD. Hardware sales were especially strong, up 16 percent, and accessories were up 15 percent. But software sales were down seven percent from a year earlier.

New for PS3–Price Cut: Countdown to Never

So those rumors of a PlayStation2 price cut? True. Rumors of a similar cut for the PlayStation 3? Not so much… Confirming recent speculation, Sony this morning said that it’s dropping the price of the PlayStation 2 from $129 to $99.99 as of April 1. But it aggressively dismissed reports of a PS3 price drop as false.

Wii Are the Champions

Playing videogames in a recession doesn’t make them any less fun–even if that recession is the worst we’ve seen in 50 years. Though the economy shuddered and slowed in December, videogame industry sales rose nine percent in the states. And for the year, sales of games, consoles and accessories grew 19 percent to $21.3 billion, from $18 billion in 2007.