'Grand Theft Auto' Drives video game Sales Growth In May

Another good month for the gaming industry: video game revenue grew 41% year-over-year in May, while unit sales increased 22% year-over-year, according to U.S. NPD Group data.

Especially strong: Take-Two’s (TTWO) Grand Theft Auto IV, which contributed 12% of the industry’s revenue growth, according to Goldman Sachs analyst Mark Wienkes. Nintendo’s 31% market share led the industry in May, with six of the top 10 games, including “Mario Kart” and “Wii Fit.”

See Also:
Take-Two’s Electronic Arts Bill: $3.4 M And Counting
Charles Forman’s I’minlikewithyou Raising $2 Million For Casual Games
Why Apple’s iPhone Apps Platform Could Spark Huge iPhone Sales

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.