February saw the release of major next-gen titles like Monster Hunter Wilds and Kingdom Come: Deliverance 2, yet console sales declined sharply, with hardware spending at $256 million, a 25% drop from a year earlier. This marks the lowest hardware sales since February 2020. While the PS5 outpaces the PS4 in sales, the Xbox Series X/S lags behind the Xbox One. Analysts predict challenges for the upcoming Nintendo Switch 2 in matching its predecessor's success.
February saw a host of significant next-gen game releases, yet gaming hardware sales plummeted, marking the lowest point since before the pandemic.
February's hardware spending totaled just $256 million, reflecting a 25% decrease from the previous year, a stark contrast to the booming game releases.
The PlayStation 5 is outperforming the PlayStation 4, with sales up 7 percent after 52 months; conversely, Xbox Series X/S lags behind Xbox One by 19 percent.
Despite great game releases, the overall format for console sales continues to decline, and analysts caution that the upcoming Nintendo Switch 2 may underperform.
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