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2011 Games Industry to Top $74B

GamesIndustry.biz (registration required) has details on a Gartner forecast on the games industry in 2011. Word is $74 billion will be spent on gaming this year, up from $67 billion last year, and a third of that sum will be for software. They project this will rise to $112 billion by 2015, and much of the growth will be in mobile sector: "As the popularity of smartphones and tablets continues to expand, gaming will remain a key component in the use of these devices," said principal research analyst Tuong Nguyen. "Mobile games are the most downloaded application category across most application stores. For this reason, mobile gaming will continue to thrive as more consumers expand their use of new and innovative portable connected devices."

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21. Re: 2011 Games Industry to Top $74B Jul 6, 2011, 14:12 Parallax Abstraction
 
Fion wrote on Jul 6, 2011, 12:36:
Creston wrote on Jul 6, 2011, 11:51:

Also, $74B in revenue, and yet none of them make a profit.

Creston

It's the same kind of wackjob accounting that let Newline claim they lost money on the Lord of the Rings trilogy.

I'd like to believe it's just funny accounting and those most of these publishers are actually doing fine but look at the stock prices for EA, THQ, Ubisoft and others in recent years. Down, down, down. Funny accounting means that they made money and just make it look like they didn't, which investors know. When stock prices and market valuations are dropping, that usually means they're actually not making any real money. The board of directors and the CEO get most of their wealth from the shares they own and in recent years, all those shares have been worth less.
 
Parallax Abstraction
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