Analysts believe the worst is behind us and that price cuts by Sony and Microsoft and new games will boost sales in the coming months.
Jesse Divnich, an analyst with industry research group Electronic Entertainment Design and Research, said August's sales figures came in about as expected.
"Certainly the worst is behind us...the month of September does have a game for every demographic and that does create a perfect storm for sales, and we expect that momentum to continue for the holiday season."