The video game industry continued to decline for the 11th straight month, down 25 percent from the same month last year for sales of $432.6 million.
As the Associated Press reported, the NPD Group reported that hardware saw a 37 percent drop while sales of accessories saw a modest 5 percent gain.
Microsoft announced that it continued to be the leading hardware seller for the 22nd consecutive month, selling 270,000 units in October and maintaining a 56 percent market share hold on the U.S. gaming market. Sony and Nintendo did not release their monthly sales figures.
It’s not all doom and gloom for the industry, however. The holiday season is a bright spot, and analysts will be watching the sales of new releases closely for clues about the industry. The Wii U is set to come out on Nov. 18, and the new Nintendo console has the potential to turn around declining hardware sales.