Saturday, 6 March 2021, 6:07 pmPress Release: Psychic Ventures Ltd
On a global scale, there was a 15% increase in digital
games revenue in January 2021, pushing the total to $11.6
In the US, gaming revenue rose to an
impressive high during the month thanks to the new
generation of consoles. According to the research data
analyzed and published by Safe
Betting Sites, US gaming revenue soared by 42%
year-over-year (YoY) to $4.7 billion in January 2021. The
massive increase was attributed to the new generation of
Hardware sales rose by 144%, going from $131
million in January 2020 to $319 million in January 2021.
Accessories spiked by 73%, from $128 million to $222 million
while software had a 36% increase from $3.06 billion to
Overall spending in the previous month
had also hit a new December peak, rising by 25% to $7.7
billion. Hardware sales had risen by 38% to $1.38 billion,
the highest December total since 2013.
Switch was the best-selling console in January 2021, while
the PS5 was second. For the holiday quarter, it sold 11.57
million units, bringing its lifetime total to about 80
million according to Statista.
It is on track to
surpass the Wii, which sold 101.63 million units in its
lifetime. In fact, the Nintendo Switch has been the US
best-selling console for 25 consecutive months.
video games industry broke multiple records in 2020. In Q4,
there was an increase of 26% YoY in total revenue to $18.6
billion, setting a new Q4 high. On the other hand, full-year
revenue soared by 27% to $56.9 billion.
overall spending on PC gaming hardware and accessories
during the year rose by 62% YoY to $4.5 billion. That was
double the 2017 sales figure. However, the NPD forecasts a
plateauing of demand in 2021, with PC hardware and
accessories growing by 3% only.
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