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December 16th, 2009 07:28 PM

Getting into the Game



Video game console and game sales are through the roof again this year

When it comes to holiday gifts, video games have been at the top of many people’s wish lists since Pac-Man first started gobbling power pellets in the early 1980s. As gaming technology has grown, so has the demand for the systems, games and add-ons that it takes to keep gamers happily mashing buttons (until the batteries run out).

According to the Entertainment Software Association, video game hardware, software and peripheral sales climbed to $22 billion in 2008, a 22.9% jump over the previous year. And that record was primarily set by the strength of video game sales in December of 2008, which came to $5.3 billion. That’s somewhat staggering when you consider that as recently as 1997, the industry generated only $5.1 billion over the entire year.

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