Bet on These Video Gaming ETFs to Gain From Surging Sales
Zacks Investment Research | Oct 22, 2021 04:58AM ET
The video game industry continues to thrive amid the ongoing health crisis. For nine months, the total consumer spending on gaming is up 12% year over year to $42.28 billion. It is impressive to observe that the video gaming industry is witnessing strong sales growth despite tough year-over-year comparisons, highlighting the strength in the space.h3 Video Game Sales Keep Rising/h3
Recently-released data from The NPD Group emphasizes that the video game industry, including packaged media, digital, consoles and accessories, witnessed robust sales in September, with people spending $4.36 billion in all, reflecting 3% growth year over year.
Hardware spending surged 49% in September to $412 million, led by a wider distribution of new-generation consoles from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SONY), per the same NPD Group report. Spending on consoles jumped 49% year over year to $3.41 billion in the year-to-date period. After ruling the chart for 33 months in unit sales, Nintendo’s 5 Bargain ETFs to Tap Renewed Tech Strength ).
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