October and November 2022.
This is despite a year-over-year (yoy) decline in accessories, hardware, and software. According to the NPD, January 2023 results marked the first time the US game market experienced a year-on-year decline since September 2022, when consumer spending reached 4% below September 2021 levels.
The decline is attributed to a drop in mobile content, physical console content, and gamepad spending. Spending on gaming content fell 5% in January to $3.8 billion yoy; hardware sales were flat at $393 million compared to January 2022’s $392 million.