Video game sales set to fall for first time in years as industry braces for recession - 07 iulie 2022
Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession.
The global games and services market is forecast to contract 1.2% year-on-year to $188 billion in 2022, according to research from market data firm Ampere Analysis.
Gaming got a huge boost from Covid-19 shutdowns in 2020 as people spent more of their time indoors. The launch of next-generation consoles from Microsoft (US.MSFT) and Sony (US.SNE) that same year also bolstered the industry’s fortunes.
Other challenges facing the industry include privacy changes from Apple (US.AAPL) that make it harder for mobile game developers to track iPhone users, as well as delays to blockbuster releases like Microsoft’s Starfield and Redfall.