Spending on video games set a new record of $56.9 billion in 2020 in the US, according to a new NPD Group report, a 27 percent increase compared to 2019. Spending on hardware hit its highest level since 2011 at $5.3 billion, a 35 percent increase compared to 2019. NPD classifies video game spending as money spent at retail and digital storefronts on “video game hardware, content, and accessories.”
Although last year saw the release of the PS5 and new Xbox consoles, it was Nintendo’s Switch that took the crown as the bestselling platform over the course of the year. It was number one in terms of both dollar sales and units sold. The PS5 was the second bestselling console in terms of dollar sales, while the PS4 was in second place in…
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