Video Game Sales Hit Lowest Level Since 2006

August video games fell to their lowest level in four years. The belief that sales had begun to recover, based on numbers from late spring and early summer, has proved to be wrong. U.S. video game sales dropped 10% to $1.6 billion compared with August of 2009, according to NPD Group. Microsoft MSFT Xbox 360 sales were strong. Sales of the Nintendo Wii dropped sharply. Sales of the leading 10 video games fell to 3.3 million units in August compared with 4.1 million a year ago despite the successful launch of “Madden NFL ’11″ from Electronic Arts ERTS. To read the rest, head over to 247WallSt.com