Covid-19 has had a massive impact on some industries this year. As reported by MarketWatch, both the global movie industry and North American sports industry have taken hits this year as restrictions have affected people?s ability to attend events. On the other hand, sales within the games industry have risen by 20% to reach a total of nearly $180 billion, a greater total than the sports industry and movie industry combined.
Console gaming plays a massive part in the success of the gaming industry. Revenue from hardware and software sales in this section of the industry rose 20% worldwide to reach a total of $52.5 billion. The increase was mostly seen in the US, where players spent $44.5 billion alone; US gamers make up nearly 85% of the gaming market. The increase in spending was most notable in November when the PlayStation 5 and Xbox One X/S consoles were released. As such, hardware sales were 58% more than that in November 2019, while software sales rose by 32%.
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