May proved to be a tough month for console sales, with both the Xbox and PlayStation 5 experiencing significant declines. PS5 sales dropped by 58% from last year, while Xbox Series sales fell by 12%. Rising hardware prices are a major factor, with the average new console costing $502, and the PS5 hitting $672 after a 33% increase. Meanwhile, the Nintendo Switch 2 is thriving, remaining the top-selling platform. Are rising prices ultimately hurting the console market?
Console Sales Struggle as Prices Climb
