Can The Gaming Industry Keep Growing Forever?
Newsy
Amid economic turbulence and changing pandemic habits, gaming companies are wondering if their momentum will last.
In the face of lockdowns and social distancing, many turned to video games for entertainment and socializing, which sent game revenues soaring to record highs in 2020.
But now that lockdowns are over and the economy's getting a bit fluctuant, game companies are starting to wonder: How much longer can the industry defy gravity?
"It's proven over the years that at times of economic uncertainty for families, that gaming is somewhat resilient to those issues," said Phil Spencer, CEO of Microsoft Gaming.
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