Americans may be cutting back on holiday shopping, but they are still buying video games - nearly $3 billion's worth in November, according to data from market researcher NPD Group.
U.S. retail sales of video game hardware, software and accessories jumped 10 percent last month from the year-ago period to $2.91 billion, boosted by strong sales of Nintendo Co.
The availability of a broad range of games is one reason for the industry's ongoing solid performance, said NPD analyst Anita Frazier. Games also provide a relatively cheap form of stay-at-home entertainment.
The industry, Frazier said, is still on track to rack up $22 billion in U.S. sales this year.
November and December are crucial months for video game companies because many of them make the bulk of their money during the holidays. Earlier this week, Electronic Arts Inc.
But EA's warning did not seem to signal a broader downturn for the industry.
Hardware sales, which include gaming consoles like the Wii as well as handheld systems like the PSP, jumped 10 percent to $1.21 billion.
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