PC, console growth to lag pre-pandemic levels as gamers clock in fewer hours, report says

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Personal computing and console gaming revenue growth is expected to remain below pre-pandemic levels through 2026 as gamers record fewer hours of playtime, according to research firm Newzoo.The market is expected to grow 2.7 per cent from 2023-end to 2026, below the 7.

FILE PHOTO: A person uses a gamepad at the 2023 Gamescom computer and video game industry event in Cologne, Germany, August 24, 2023. REUTERS/Jana Rodenbusch/File PhotoPersonal computing and console gaming revenue growth is expected to remain below pre-pandemic levels through 2026 as gamers record fewer hours of playtime, according to research firm Newzoo.

The trend is expected to continue this year due to weaker gaming release schedules, with playtime falling around 10 per cent in January. The company also cut full-year sales forecast for its PlayStation 5 consoles due to weaker-than-expected sales during the holiday season. In each month of 2023, between 28 and 34 publishers commanded 80 per cent of monthly active users, a publisher count which has been falling since 2021, the report said.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

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

Singapore assessing 'feasibility of invite' to host 2026 Commonwealth GamesSINGAPORE — Singapore is “currently assessing the feasibility” of an invitation by the Commonwealth Games Federation (CGF) to stage the 2026 edition of the Games.
Source: TODAYonline - 🏆 1. / 99 Read more »

Singapore's readiness to host 2026 Commonwealth Games questionedObservers are divided on whether Singapore is ready to host the 2026 Commonwealth Games due to infrastructure limitations.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Malaysia Withdraws from Hosting 2026 Commonwealth GamesMalaysia has decided not to accept the offer to host the 2026 Commonwealth Games due to the high cost. The government wants to focus on sports development and the welfare of the people.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Malaysia says no to hosting 2026 Commonwealth Games over costKUALA LUMPUR: Malaysia on Friday (Mar 22) decided against hosting the 2026 Commonwealth Games because of the cost, the government said, in a fresh blow to an event seen as outdated by some.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

M'sia gov rejects offer to host 2026 Commonwealth GamesKUALA LUMPUR – Malaysia's government has rejected an offer to host the 2026 Commonwealth Games, its sports ministry said on Friday, due to uncertainty over the economic impact and insufficient funding offered to take on the event. Malaysia was asked to step in after...
Source: thenewpaper - 🏆 7. / 63 Read more »

New blow for Commonwealth Games as Malaysia rejects offer to host 2026 editionThe event has struggled to find a willing host in recent years and five of the last six editions have been held in Australia or Britain.
Source: straits_times - 🏆 5. / 69 Read more »