Activision Blizzard's "Call of Duty" Leads in Another Strong Month for Video Game Sales

Despite a lack of hit new title launches, people bought video games at a near record pace last month. The updated sales figures that NPD released on Friday showed that the industry expanded by 52% in May when compared to a year earlier, thanks mainly to the COVID-19 social distancing efforts that put a premium on at-home entertainment. Video game sales, including hardware, software, accessories, and game cards, were $977 million in the month, the highest for May since 2008, according to a VentureBeat look at the NPD information.

Activision Blizzard (NASDAQ: ATVI) was a major beneficiary of the demand spike. Its Call of Duty: Modern Warfare title retook the top selling spot, NPD said, likely extending its record contribution to the COD franchise. Take-Two Interactive's (NASDAQ: TTWO) NBA 2K20 title is still firmly in second place so far in 2020.

Image source: Getty Images.

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Source Fool.com