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The gaming biz boomed in Q1
June 1, 2005

The gaming biz boomed in Q1

Fuelled by swift sell-through in the red-hot handheld market, the U.S. video game industry posted a sales increase of more than US$2.2 billion in the first quarter of 2005 – a 23% jump over the same period last year, according to industry tracker the NPD Group. The market’s two newest handheld platforms, Sony’s PlayStation Portable and the Nintendo DS, helped kick their category up by 162% to US$293 million in total sales. But the rest of the vidgame industry didn’t come off looking too shabby either, with console accessories, portable game software and portable game accessories up by 16%, 69% and 23%, respectively. In fact, the only two categories that didn’t post double-digit growth were console hardware (8%) and console software (7%).

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