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Summer swoon hits game box sales

Time: 01:03 EST/06:03 GMT | News Source: CNET | Posted By: Robert Stein

The sales impact of game-console price cuts began to wane in July, according to data from market researcher NPDFunworld. NPD figures show that average weekly sales of consoles in the United States dropped to 316,000 units in July, from 403,000 units per week in June, according to a report by Merrill Lynch, which cited NPD's numbers. Sony cut the price of its PlayStation 2 game console from $299 to $199 in May, a move that was soon mirrored for the Xbox by Microsoft. Nintendo followed by cutting the price of its GameCube from $199 to $149.

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