According to Wedbush Securities, sales of console games were just $175 million in the US, down 31 percent from $255 million last year. Wedbush was expecting a drop of 16 percent and sales around $216 million.
Unit sales of console software were down 26 percent, while ASPs were down 8 percent. This is hardly surprising, as new consoles are rolling out and few consumers are willing to buy software for old systems. However, PC game sales were even worse.
Sales of PC gaming software were down 84 percent year-on-year. Hardware sales were down 31 percent and the US spent only $96 million on PC games in May.
Wedbush Securities analyst Michael Pachter believes sales should pick up in June, as several new AAA titles make their presence felt, but no big improvement is expected until next generation consoles start shipping in volume, reports wallstcheatsheat.com. Positive growth should return in September, as a number of new game releases are timed to coincide with the availability of the PlayStation 4 and Xbox One.
New consoles are expected to have a massive impact on sales toward the end of the year and 2014 should be good as well. However, handheld consoles will face even more competition from mobiles and tablets.