Hardware spending in the US was so low in July that it nearly matched the 2020 Pandemic days when everything was out of stock

New data from the industry analysts at Circana has revealed that consumers are spending a lot less than usual on gaming hardware or the games themselves. Circana’s latest report covers the US market in July, and it includes a lot of concerning data.

Over the course of the month, all console platforms sold fewer units than they did in July last year. Hardware spending dropped by 29 percent as a result. That decline is even more shocking than it appears.

According to the report, overall spending on hardware in July dropped to a low that’s close to July 2020, back

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