The gaming industry is expected to reach new heights as the world continues to grapple with the COVID-19 pandemic. People are looking for newer and more immersive ways of staying entertained and passing time while adhering to social distancing norms. The pandemic has hit many sectors hard, but gaming and e-sports are some of the few that have thrived during the challenging times. The industry has capitalized on this trend by introducing new games, new events, and new ways of engaging players.
One of the industry’s key players, Glu Mobile, has seen an incredible jump in its revenue in the recent months. Glu Mobile is the publisher of popular mobile games like Diner Dash and Design Home. The company’s fourth-quarter earnings for 2020 revealed that they had surpassed their initial revenue forecast by almost 15%, reaching a whopping $141.5 million in revenue.
Glu Mobile’s success is not an isolated case. Other gaming giants like Electronic Arts, Activision Blizzard, and Take-Two Interactive have also seen similar, if not more significant, growth in their sales. As more people look to connect with friends and family remotely through online gaming, sales have continued to surge.
Another significant development in the gaming industry in recent times has been the rise of mobile gaming. Mobile gaming has become the fastest-growing segment in the gaming industry, with more people choosing to play games on their mobile devices. According to a report by Statista, mobile gaming is expected to generate revenue of over $76 billion in 2020, making up almost half the revenue of the entire gaming industry.
E-sports has also become a significant part of the gaming industry in recent times. E-sports events bring together professional gamers and spectators from all over the world to compete in various games for massive prize pools. The events have also gained mainstream popularity, with professional sports teams investing in e-sports teams to diversify their revenue streams. E-sports tournaments like the League of Legends World Championship, The International, and Fortnite World Cup have attracted millions of viewers globally, cementing e-sports as a legitimate professional sporting category.
The gaming industry is expected to continue growing in the coming years, with newer technologies such as virtual reality (VR) and augmented reality (AR) set to further revolutionize the way people play games. With the pandemic showing no signs of slowing down anytime soon, the gaming industry is likely to see a surge in sales and continue providing much-needed relief to people looking for entertainment and an escape from the challenges of the world.
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According to https://kotaku.com/spider-man-2-ps5-ps4-water-graphics-insomniac-marvel-1850480251
The material in this article is written on the basis of another article.
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