{"id":107039,"date":"2020-11-06T19:27:31","date_gmt":"2020-11-06T16:27:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/video-game-sales-are-exploding-because-of-coronavirus\/"},"modified":"2020-11-06T19:27:31","modified_gmt":"2020-11-06T16:27:31","slug":"video-game-sales-are-exploding-because-of-coronavirus","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/video-game-sales-are-exploding-because-of-coronavirus\/","title":{"rendered":"#Video game sales are exploding because of coronavirus"},"content":{"rendered":"

“#Video game<\/a> sales are exploding because of coronavirus<\/strong>”
\n<\/p>\n

\n The coronavirus has some industries on their last life \u2014 but it\u2019s given video games a major power-up.<\/p>\n

Gaming industry revenues are expected to surge nearly 20 percent this year to about $175 billion because games have become a cure for boredom among locked-down consumers, forecasters say.<\/p>\n

\u201cWith the population being encouraged to stay at home and limit social<\/a> interaction, people have turned to gaming en masse,\u201d industry analytics firm Newzoo<\/a> said in its annual forecast this week.<\/p>\n

Players around the world have used video games not just for entertainment and escapism but also as a way to socialize, helping lighthearted multiplayer titles such as \u201cFall Guys\u201d and \u201cAmong Us\u201d become some of the year\u2019s biggest hits, according to Newzoo\u2019s Tom Wijman.<\/p>\n

The company expects 2020 to be a banner year that will be followed by further growth for the market. Newzoo projects gaming revenues of roughly $218 billion in 2023, up from about $146 billion in 2019, after raising this year\u2019s forecast by about $16 billion.<\/p>\n

Roughly half of 2020\u2019s revenues, or some $86 billion, will come from mobile gaming, which is attractive to new players because of its \u201clow barrier to entry\u201d and the widespread use of smartphones, Wijman said.<\/p>\n

But Newzoo also expects a 21 percent jump in revenues from gaming consoles given that they\u2019re fairly easy to purchase and set up and are backed by big marketing budgets.<\/p>\n

That tracks with the 209 percent spike in profits that Nintendo reported this week thanks to exploding sales of its popular Switch system. Microsoft and Sony are also getting ready for next week\u2019s launch of their newest consoles, the Xbox Series<\/a> X and the PlayStation 5.<\/p>\n

\u201cFollowing the usual trend prior to new generation releases, we\u2019d expect console revenues to be lower in anticipation of the launch of the incoming next-generation consoles. But the pandemic has resulted in the opposite,\u201d Wijman wrote in Newzoo\u2019s report.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Video game sales are exploding because of coronavirus” The coronavirus has some industries on their last life \u2014 but it\u2019s given video games a major power-up. Gaming industry revenues are expected to surge nearly 20 percent this year to about $175 billion because games have become a cure for boredom among locked-down consumers, forecasters say….<\/p>\n","protected":false},"author":1,"featured_media":107040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/11\/video-game-sales-.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[78822,1545,70481,72938,2815,9966],"class_list":["post-107039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-6-20","tag-coronavirus","tag-playstation","tag-sales","tag-video-games","tag-xbox"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/107039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=107039"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/107039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/107040"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=107039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=107039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=107039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}