US video game sales dip to Oct 2006 levels

By the Associated Press | June 13, 2011 | 7:29 PM EDT

LOS ANGELES (AP) — U.S. sales of consoles and video games fell 14 percent in May to $743 million, the lowest monthly figure since October 2006.

NPD Group, which compiles the data, says the decline is mostly due to a light schedule of new releases. There were just 42 new games released in May compared to 58 in the same month a year ago.

NPD analyst Anita Frazier says some of the loss in hardware, software and accessories also could be due to gamers spending more on online content.