Video Game Revenue Now at 6-Year Low

Gaming industry, you've been pwned.

Last week, NPD Group reported (handheld and console) gaming software sales down 32% year-over-year, plunging from $503 million in April 2011 to the current $292 million.

Assuming this trend continues, retail video gaming revenues in 2012 could be lower than the $12.6 billion earned in 2006...the first year for Sony's Playstation 3 and Nintendo's Wii, as well as the first full year of sales for Microsoft's Xbox 360.