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The newest sales data for the US video game industry has arrived, and one of the takeaways is that hardware sales continue to slide for all major platforms–except the Switch 2, it seems.
Circana’s report for January 2026 sales in the US showed that spending on hardware rose by 16% year-over-year, jumping to $248 million for the month. This growth was achieved despite the PS5 seeing a 17% decline in spending, the Xbox Series X|S posting a 27% decline, and the original Switch falling even more dramatically by 79% compared to last year.
The Switch 2, it seems, was the savior for hardware spending in January 2026, and it did well enough to offset all of those declines. Despite that, the Switch 2 was actually January 2026’s No. 2 top platform for unit and dollar sales. The PS5 was the No. 1 overall console platform in January 2026 by those metrics, even with its 17% year-over-year decline in sales.
It makes sense that PS5, Xbox Series X|S, and the original Switch would see lower year-over-year sales, in part because of their age. It was also reported recently that richer households now make up the majority of gaming hardware buyers in the US, suggesting
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