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Videogame Revenues Leap 43% In 2007

  • Variety, Friday, January 18, 2008 11:30 AM

Huge sales for the Wii, "Halo 3," the "Guitar Hero" franchise, and other big sellers drove videogame industry revenue up 43% in 2007 to nearly $18 billion. The red hot Nintendo Wii, which couldn't meet demand over the holidays, sold 6.3 million units in 2007, compared to 4.6 million units of Microsoft's Xbox 360 and 2.6 million for Sony's Playstation 3.

The best-selling game for the year on a single console was Microsoft's "Halo 3," at 4.82 million units, followed by Nintendo's mini-game collection "Wii Play" with 4.1 million units. "Halo 3" now stands amongst some of the top selling games of all time, with first-year performance similar to chart toppers like "Grand Theft Auto" games "Vice City" and "San Andreas" and 2004's "Halo 2."

Among overall franchises, though, Activision's "Guitar Hero" games generated over $820 million in U.S. sales according to the NPD Group. That's a record for any videogame franchise in a single year.

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