January video game sales among the ugliest in recent memory

To say the video game industry stumbled out of the gate in 2012 would be exceedingly kind.

January software sales, which are the most closely watched figure by investors, were down 34 percent – the biggest percentage drop in more than 2 years — to $750.6 million. That’s more than $389 million less than a year ago.

Read more at Yahoo! Games