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UK Game Market Drops 13% in 2011, According to UKIE

UKIE- the trade body in the UK has released its annual industry report. According to the report, 2011 witnessed boxed game sales decline significantly in comparison to where they stood a year before.

Box game sales figure stopped at just 1.42 billion, 7 percent less than what it was a year ago in 2010.

The report also stated the net gross of boxed game sales in the UK throughout the year stood at £2.520 billion, which is almost 13 percent less than the net gross from the previous year.

Total sales of console software was £1.35 billion. While growth in the console hardware market was primarily being driven by products such as Microsoft's Xbox 360 and Nintendo 3DS, total hardware sales accounted for £646 million, the report stated.

Revenues earned from PC gaming accessories during the year stood at £453 million - about 17 percent below where the market stood in 2010.

"In a year when overall consumer spending was down, 2011 proved to be a better than expected year for the UK's boxed-product games market," UKIE Chairman Andy Payne stated, VG247 reports. Hopefully, this year will see an improvement in sales.