The NPD has released its December 2022 and full-year industry report on accessories, hardware, and video game sales in the US.
According to the data, consumer spending totaled $7.6 billion in December, a 2% increase year-over-year (yoy). This growth brought full-year 2022 spending to $56.6 billion, which is a 5% decline compared to 2021.
The yoy decline was attributed to the lack of console stock at retail and a smaller slate of new triple-A releases along with macroeconomic conditions.