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Video game hardware sales plummet due to memory and storage shortages

Yahoo Finance ·

MSFT Microsoft Corp
$535.07 +2.38%
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  1. 1August recorded a 15% year-over-year decline in video game hardware sales, marking the lowest August sales in 13 years.
  2. 2Sony raised the price of the PlayStation 5 Pro from its 2024 launch price of $699 to $899.
  3. 3Microsoft raised the price of the Xbox Series S from $299 to $499.

So what's the key point?

August sales reached a 13-year low because of a shortage of game console components. Sony and Microsoft have increased their product prices.

Source Yahoo Finance · View original ↗

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