US Hardware: 39% Fewer Units, $542 Average Price
In brief
The US video game market dropped 10% in July 2026 to $4.5 billion. The real telltale sign: hardware sales collapsed 39% in units, offset by a 16% rise in average price, which now stands at $542. A worrying trend fueled by the components crisis and a harbinger of further price hikes.
The US video game market fell 10% in July 2026, to $4.5 billion. The news isn't the drop itself, it's the mechanics behind it: hardware sold 39% fewer units, but at a 16% higher price.
The figures published on August 20, 2026 by Mat Piscatella, Circana's video games industry advisor, break down the details. Hardware spending drops 29%, to $282 million: the weakest July on record since 2020's $163 million. The average price of a new console reaches $542. Every console loses ground in units, the PlayStation 5 by 6%, the Xbox Series by 18%, and the Switch 2 by 51%. The PS5 leads the month in dollar sales, the Switch 2 in units.
The PS5 sums up the phenomenon: 6% fewer units, but 29% more hardware revenue. Piscatella points to the price increases driven by the RAM and component crisis, and warns that the difficulties go well beyond a simple cycle effect. A new Switch 2 price hike is scheduled for September 1, 2026. At 14 months, the console still holds an 11% lead over the original Switch's pace.
Content spending falls 9%, to $4.1 billion, with mobile leading the declines. Accessories drop 6%, to $178 million, the lowest level for a July since 2019. A sign of the times, the month's best-seller is Call of Duty: Black Ops II, a 2012 game re-released on PS4 and PS5. These figures are American; the component shortage, however, is not.
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Frequently asked questions
Why are consoles selling fewer units but bringing in more money?
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Key takeaways
- Consoles are selling 39% fewer units but at a 16% higher price, pushing the average price to $542.
- All consoles are declining: PS5 down 6%, Xbox Series down 18%, Switch 2 down 51% in units sold.
- PS5 gains 29% in hardware revenue despite losing units, revealing the impact of price hikes.
- Hardware collapses to $282 million, its lowest level for a July since 2020.
- A new Switch 2 price hike is expected on September 1st, a symptom of a very real components crisis.
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