US console sales continue their nose dive since September; according to the research from Michael Pachter, "total U.S. console software sales for February were $340 million, down 13% [emphasis added] compared to last year and lower than our $350 million estimate (down 11%)." Here is a further breakdown for the number-lovers out there:
- Current generation software sales (PS2, Xbox, and GCN) were down 35.5% ($135 million), which was steeper than the estimated 33% ($125 million) decline.
- Unit sales of current generation software continues to decline at an accelerated pace. The dropping prices of current-gen software will exacerbate the declining trend.
- Next generation software sales, however, were in line with estimates, and sales were up $95 million.
- March will be a potentially difficult month, as Xbox 360s are not expected to be widely available until next month. Also, year-to-year comparisons will prove ugly since last March's sales were up 31% due to the PSP's March 2005 launch.
- March predictions: sales down "at least 20% or more this year, bringing year-to-date software sales down at least 14%."