Market Analysis April 25 Mobile accounted for 76% of Chinese games market’s total revenues of over $12 billion in Q1 2022 The Chinese games industry generated more than $12 billion in the first quarter of 2022. The market continues to grow, with mobile accounting for the vast majority of total revenues.
Industry News April 25 Valheim surpasses 10 million units sold in 14 months since its launch Valheim has sold more than 10 million copies globally, Iron Gate Studio and publisher Coffee Stain revealed. It took the Viking survival game a little over a year to hit this major milestone.
Market Analysis April 25 NPD: US consumers spent almost $14 billion on games, hardware, and accessories in Q1 2022 The NPD Group has released a new report on the best-selling video games, consoles, and accessories of March and the first quarter of 2022. Overall, the US consumer spending reached almost $14 billion during the last three months.
Industry News April 25 Activision Blizzard cites Microsoft deal and lower Call of Duty sales as cause of declined revenues Activision Blizzard has released a financial report for the first quarter of 2022. The company saw its revenues and net income decline year-over-year, with lower Call of Duty sales and the Microsoft deal being named among the reasons behind it.
Industry News April 25 Ubisoft sees its stock rise following report on potential takeover by buyout funds Several private equity firms have been reportedly studying Ubisoft as a target for a potential acquisition. The company saw its shares rise, although no serious talks have been made yet.
Industry News April 25 PlayStation looking for senior director to lead its PC growth and commercial strategy Sony has no plans to slow down on its expansion into the PC market. The company is now looking for a senior director who will help optimize and increase the growth strategy for upcoming console ports.