A customer shopping for games in Tokyo in May. Photo: Philip Fong/AFP via Getty Images
Ampere sees mobile gaming taking a 1.3% hit, down to $111 billion due to revamped privacy settings that have stymied established advertising and user acquisition models. Ampere only predicts growth in subscription services, to $300 million, but it's a meager portion of the overall industry.“The idea that the games market is ‘recession proof’ is a fallacy,” states the Ampere report.
Last week, Nintendo president Shuntaro Furukawa shared a rosier view with stockholders: “In terms of the impact of global inflation on our current business, our entertainment business generally has not been affected by macroeconomic considerations.” He noted reports about inflation in Europe and the U.S. but said they didn’t have a “major effect on our sales at the moment.”The bad news may be short-lived. Ampere expects gaming to return to growth in 2023, reaching $195 billion.
Oh mobile gaming taking a hit? What a shame.
Bad for $GME
It’s 2023 and people are still trying to finish ELDENRING