Retail video game sales nosedived in July, hitting their lowest level since October 2006.
NCAA Football 12 (EA Sports)Year over year sales were down 26 percent, with declines across the board in all hardware, software and accessories -- and no breakout hits. While July is often a slow month for the industry, the dip in software sales was more than twice as bad as Wall St. analysts were predicting.
Game sales fell 17 percent to $336 million, according to the NPD Group (versus analyst expectations of a 7 percent decline). As expected, EA's NCAA Football 12 led the field, but what's really shocking is the absence of some other high-profile releases.Read More »from NPD: July video game sales worst since 2006