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Video game sales jump 41% in May

June 13, 2008|From Times Wire Services

U.S. video-game sales increased 41% in May, led for a second month by Take-Two Interactive Software Inc.'s Grand Theft Auto IV.

Consumers purchased 1.31 million copies of the game at U.S. stores last month, Port Washington, N.Y.-based researcher NPD Group Inc. said. Video-game hardware sales rose 34%, led by Nintendo Co.'s Wii.

Grand Theft Auto IV may generate more than $1 billion in sales by year-end, Janco Partners analyst Mike Hickey said in a note to investors.

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