Global demand for gaming equipment slows
Annual revenue growth to halve by 2029
The global gaming industry is projected to reach over 1.3 billion users this year, an increase of 91 million from 2023 and nearly double the figure reported in 2017.
Xbox console sales plummet
42 per cent fall
Software King of the World, Microsoft saw its revenue from Xbox console sales plummet by a staggering 42 per cent year-over-year for the quarter ending in June.
AI killing off gaming developers' jobs
11,000 industry workers laid off
The video game industry is facing significant challenges. In 2023, approximately 10,500 industry workers were laid off. This year, the situation has worsened, with an estimated 11,000 more layoffs.
Steam runs with a tiny headcount
Industry shocked
A poorly redacted document in an antitrust lawsuit has revealed that Steam's Gaming outfit is run by a comparatively tiny team of a few hundred.
Bundles Black Myth: Wukong with RTX 40 series graphics cards
Nvidia has announced its latest game bundle, pairing up Black Myth: Wukong game with some of its RTX 40 series graphics cards.