Sony, Microsoft and Nintendo have released financial reports for the quarter ending June 2022. Published reports showed that the video game world is shaking. So why?
The leading names in the video game world are Microsoft, Sony and Nintendo, expired in June 2022 published their quarterly reports. Published reports revealed that there is a shrinkage in the video game world. While sales of all companies are declining, this is because at least in terms of restrictions lagging behind. COVID-19 pandemic shown. According to industry sources, people who are bored of staying at home are now going out and don’t care about video games as much as they used to.
According to the research conducted by the market research company NPD, only gamers in the USA will start the games in the second quarter of the year. $12.4 billion they spent money. Although this figure seems astonishing, it is thought-provoking for the sector. Because compared to last year, 13 percent contraction We see. This is reflected in the sales of Microsoft, Sony and Nintendo.
Sony’s profitability decreased by 37 percent!
In the statements made by Sony, it was stated that game-related revenues decreased by 2 percent. The company’s profitability 37 percent level decreased. Sony, which also lowered its profitability forecast for the end of the year, thinks that it will close the year 2022 with 16 percent profit. In addition to all this, Sony announced that the average game time of Playstation players has decreased by 15 percent. Hiroki Totoki, Sony’s chief financial officer, said that as people’s opportunities to get out of the house increased, interest in video games decreased. In addition to all this, Sony’s last quarter 2.4 million Let’s say you sell PlayStation. This figure is almost the same as last year.
Microsoft’s Xbox sales fell 11 percent
Statements made by Microsoft it was not encouraging. The company announced that game revenues were 7 percent lower than the same period last year. Mentioning that Xbox sales have decreased by 11 percent, Microsoft said that the revenue from game content has decreased by 6 percent. With this; Activision, one of Microsoft’s gaming companies, reported net profit 70 percentHe said his income fell 29 percent. However, this drop is not exclusive to Activision. Ubisoft also announced a 10 percent drop in revenue. EA, on the other hand, increased its revenue and profitability, unlike the industry. The company’s profits increased by 50 percent and revenues increased by 14 percent.
Nintendo says they fell victim to the chip crisis!
Nintendo announced that its operating profit decreased by 15 percent in its statements for the April-June 2022 period. 3.43 million units The company that sells Switch consoles has sold 41.4 million units of game-software. In the statements made by the company, the reason for the decrease chip crisis was stated. According to the company, Switch production was disrupted due to the chip crisis, and as a natural result, sales fell.
According to analysts, 2022 will be the worst period of the last 10 years
According to the research firm Ampere Analysis, 2022 is the year for the video game world. it will be tough. In this context; According to experts, who estimate the market size to be 188 billion dollars, this figure is first contraction in the last 10 years will be saved as It is thought that the global economic crisis and inflationary pressures will push people away from video games even more.
Source :
https://www.cnbc.com/2022/08/08/microsoft-xbox-sony-playstation-nintendo-video-game-earnings-round-up.html