Gaming Console Sales Surge 58 Percent in November

Gaming Console Sales Surge 58 Percent in November (Bloomberg)

For the first time in more than two years, video game consoles sales rose in the United States, but that’s hardly news in the holiday season. However, the fact that they’re up 58 percent for the month is news. Sales rose to $1.33 billion in November, up from $839.1 million in 2012, according to the NPD Group, Inc. While console makers are enjoying this monthly boost, they’re more concerned with the general downward trend for sales that’s been in effect since October 2011. They’re trying to discern if the decline was due to gamers jumping ship to tablets or if they were simply awaiting the new Sony PlayStation 4 and Xbox One platforms. Investors will know in January whether the sales spike in November was a one-time event or not. If so, then they’ll probably see Sony and Microsoft shares revert to lower levels come the New Year.