Xbox leader Phil Spencer reflects on gaming's huge wins during a global crisis - Business Insider

Xbox leader Phil Spencer on stage in Los Angeles in June 2019, during the annual E3 video game trade show.The video game industry had an absolutely massive March in terms of sales, as the coronavirus pandemic drove millions of Americans indoors: "We're seeing a big flood of new people come in to gaming," Xbox head Phil Spencer told Business Insider in an interview last week.

"Gaming right now, globally, is having a moment," Xbox head Phil Spencer said in an interview with Business Insider last week."Gaming is a social and community connection for many people, and as physical distancing is requiring shelter in place, is requiring that people are physically apart, the social connections and community connections that the games industry brings to people is just expanded.

"We track what we call 'new to Xbox customers,' — new to gaming customers — people that we're seeing for the first time," he said. "And we're seeing a big flood of new people come in to gaming." It's a situation that I can relate to: Media companies, including Business Insider and our parent company Insider Inc., are benefitting in some ways from the extra time that people stuck at home now have to consume media. There's also more interest than ever in the news right now — there is a worldwide pandemic, after all.

Gaming, mobile gaming, OTT, TV, are the key source of entertainment for the people around the world. The surge in such app download and increase in subscriptions is helping the players, eg Netflix, to grow business! lockdown

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adafruit builds PPE and medical devices to help in coronavirus crisis - Business InsiderElectronics manufacturing company Adafruit has seen a 90% plunge in sales during the coronavirus pandemic, but it's been able to overhaul its operations to build medical supplies for crisis relief
Source: BusinessInsider - 🏆 729. / 51 Read more »

Financial adviser: Retirees face recession, isolation, health crisis - Business InsiderEconomic uncertainty, physical isolation, and health crisis make the current climate feel riskier than usual for retirees, says a financial adviser. How can old people get it out there and tell other people they want to get young instead of dying old? Because you may get a different treatment in either case. Near and dear to my heart
Source: BusinessInsider - 🏆 729. / 51 Read more »

Primark, John Lewis, Waitrose furlough workers during pandemic - Business InsiderThousands of UK retail workers are being furloughed as the coronavirus pandemic rages on. Here's who has been impacted. It's Primark's fault for having an unsustainable business. No online presence compared to competitors, the fact that it's completely dependant on fast fashion (Something that is losing support for Environment sake). Bangladesh has nearly 285 Mils of Clothes waiting for the UK.
Source: BusinessInsider - 🏆 729. / 51 Read more »