Video game spending increased significantly in 2020. YPulse’s Gaming report found that 94% that 13-39-year-olds play video games in some capacity—and last year’s surge in gaming also led to an increase in spending. According to the latest figures from NPD, spending on gaming hardware, software, and accessories was up 25% last month and 27% for the full year. Hardware increased 38% year-over-year for December to $1.35 billion, especially with the arrival of new consoles from Sony and Microsoft. Our research also found that young consumers collectively spent $18 billion on video game-related expenses in the last year. (TechCrunch)
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