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FEB 14, 2014 - Investors Business Daily

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Video game sales decline despite new consoles

After rising for five consecutive months, U.S. retail sales of new video game products -- hardware, software and accessories -- fell 0.6% year over year in January to $664 million, the NPD Group reported late Thursday. Hardware sales, though, jumped 47% to $241 million, thanks to sales of new consoles from Microsoft (MSFT) and Sony (SNE). Sony's new PlayStation 4 outsold Microsoft's new Xbox One in January, continuing the holiday season spending pattern. "Demand for PlayStation 4 remains incredibly strong as it was No. 1 in sales for next-gen consoles in January, nearly doubling the ... Read More

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