The recession has been pummeling the living daylights out of the tech industry for almost a year now, and even industries that were once considered “immune” are starting to feel the pinch. Last month both hardware and software game sales slipped a combined 31 percent to $1.2 billion, down from $1.7 billion during the same period in 2008. This unfortunate milestone marks the fourth month in a row of year-over-year declines, and unfortunately for developers, there seems to be no end in sight. To add insult to injury, June’s numbers represent the worst decline since September 2000 when the industry shed over 41 percent. Gaming hardware is defiantly leading the decline with a 38 percent plunge, but software at 29 percent isn’t far behind.
It’s not all doom and gloom for the gaming industry however, and as we noted last week Casual gaming is on the rise . "Online gaming continues to be one of the top gaining categories over the past year growing at ten times the rate of the total U.S. Internet population and reaching nearly one out of every two Internet users," said Edward Hunter , comScore director of gaming solutions.
So have you been doing your part to bail out the gaming industry? Or is everyone just playing a two year old shared copy of Peggle?