Sensor Tower Data Shows App Revenue Rose 23% YoY to $21.9B in Q3
The data revealed by Sensor Tower showed that the revenue of both Google Play and App Store is growing.
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With estimation pointing to a total market capitalization of 300 billion USD by 2025, the gaming industry is one that is rapidly growing and garnering the interest of several investors and tech stakeholders alike. With over three billion gamers across the globe, one can only expect the gaming and casino platforms to grow even bigger in the coming years.
Gaming is often categorized under the entertainment industry as many see both as a means of having fun. For example, Sony’s Playstation consoles offer a combination of video games, music, videos, internet, streaming, etc.
Since there are so many online games whose registration happens to be absolutely free, one would think that the gaming companies are not making much revenue off such games when users play. But that’s not the case, these firms have devised several means of making money through the purchase of in-play gems, coins, and other items.
Other than the predictable and great development of the gaming world, it is intriguing to take note of the fact that there has been a change in sources of income in the business recently. The casino and gaming business used to make the vast majority of its funds from online games, but has seen its income originate from an alternate means and point of view lately.
In the U.S., which boasts of being the biggest computer game market in the globe, the game industry was valued at about 18 billion dollars in 2017 and recorded over 2,450 firms of over 200,000 employees.
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The data revealed by Sensor Tower showed that the revenue of both Google Play and App Store is growing.
Call of Duty: Mobile has become the largest game launch by the number of downloads and in terms of the first-week gross revenue.
SONY has confirmed that the PlayStation 5 will launch during the 2020 Christmas season. The surprise announcement was made yesterday and is the first confirmation of the new console’s name.
Electronic Arts (EA) is not one of the traditional firms that are going the crypto way. However, a recent tweet from the company sought to mislead the crypto community that it was and succeeded quite well at it.
Viva Gaming, through the DAObet team, introduces a gamified event on its own blockchain, that calls for all participants to compete with each other as validators on the network for a chance to win a share of a total prize pool of more than 500,000 BET tokens.
Quite apart from the banking industry which was obviously going to be the first to have major changes in the aspect of payments, one of the best conditions that it has to adopt cryptocurrencies is the videogame industry. Why? Check out below.
The Abyss, a leading digital distribution platform for online video games, began cooperating with Waves, which owns an open platform for Web 3.0 apps. Together, they’ll create a blockchain-powered marketplace of digital goods and in-game items.
Manchester United FC, also known as Man City, one of the top British football teams, announced a partnership with an online gaming startup Superbloke in order to tokenize its players.
EA has launched a live countdown on the Need for Speed section of its website. It is believed that a new edition of the 25-year-old NFS franchise is to be released on Wednesday.
Google has commenced testing Play Pass, a subscription service that will give users full access to all content including gaming and non-gaming apps. This is coming a few months after Apple announced its own version, Apple Arcade.
The National Basketball Players Association (NBPA) and the NBA have partnered with Dapper Labs to launch a blockchain-based marketplace for NBA highlights in the form of in-game collectibles.
16-year-old Kyle Giersdorf won $3 million after taking the top prize in a videogame tournament for the popular online video game, Fortnite representing the biggest-ever prize for one player in such a tournament.
Refereum has joined hands with PlayerUnknown’s Battlegrounds to introduce crypto rewards into the game promotion space aiming to attract influential people to participate in the promotion campaigns.
Facebook’s Libra is creating a lot of headlines. However, SonicX may have beat Facebook into the marketplace, and its platform has some major advantages over whatever Facebook is cooking up in its crypto kitchen.
The PlayStation 5 gaming console with host high-end next-generation tech but will come with a premium price tag. Is the market ready for the shift? Read to find out more.