Not everyone is willing to spend money on video games, given how rough the global economy is. According to NPD Group executive director Mat Piscatella, consumers will likely buy far less gaming hardware, content, and accessories this year.
On Friday, Piscatella shared some insight via the NPD Group’s website, claiming video game consumer spending on hardware and software in the U.S. will drop to $55.5 billion in 2022, down 8.7 percent from 2021. The biggest drivers of this decline include increasing prices of everyday items like food and fuel, along with hardware supply constraints due to the global semiconductor shortage. The latter issue has plagued Nintendo, Nvidia, Valve, and all hardware manufacturers for quite some time.
