said in the report that annual U.S. consumer spending on video games could reach a new high by the end of 2020 and exceed $50 billion.Also Read: Everything to Know About the New PlayStation 5 ConsolePiscatella offered several predictions for the holiday season, including the obvious — that both the new Xbox and PS5 will be in hot demand.
Pre-orders opened about a month ago for both devices, and retailers are already finding the next-gen devices are flying off the (virtual) pre-order shelves.“Units will be tough to find with continued strong demand into 2021,” Piscatella said, which could lead to Nintendo’s Switch console achieving high holiday sales numbers.
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