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US Video Game Sales Reach $17.9 Billion In 2007

by Darren

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Not only is the video game industry booming, it is even out-pacing the hopes of analysts. Sales of video games weighed in at $17.9 billion in 2007.

Nearly 8.5 million Nintendo DS devices were sold in the United States last year, while buyers snatched up approximately 6.3 million Wii game consoles.

“By the end of 2007 we were sold out of virtually all hardware, and much of our stock of software and accessories was sold out as well,” said Cammie Dunaway, the executive vice president of marketing at Nintendo of America.

“And that momentum continues here in the early weeks of 2008.”

Sony sold 3.97 million PS2 consoles and 2.56 million of its newer PS3 consoles in the United States in 2007, NPD reported.

Microsoft last year sold 4.62 million Xbox 360 consoles, which debuted in the market in November of 2005, a year before Wii and PS3 were released.

Video game hardware sales were boosted by the fact that it was the first full year that the Wii and PS3 consoles were on the market.

Video game sales are expected to grow in 2008, but not at the same rapid pace as last year.

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