The video game industry saw dollar sales in the U.S. of $17.94 billion last year, an impressive increase of 43% over the previous year, when it sold $12.53 billion worth of video games, consoles, portables and accessories. Sales were up across the board, with the biggest boosts coming from console hardware sales ($5.12 billion in business, up 73%) and accessories ($2.26 billion in business, up 59%). December alone saw $4.82 billion worth of video game goods sold, with over $2 billion worth of video games sold bolstering those figures.
More expensive hardware on the market for the full year certainly contributed to those impressive console hardware sales, but the 8.5 million Nintendo DS portables sold in 2007 had a lot to do with that, too. Look, everyone just made tons of cash, okay?
For a full breakdown of annual spending, plus comments from NPD analyst Anita Frazier, continue.
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