Gaming revenue is on an uptrend and is reportedly set to top $200 billion in 2022 after fetching $192.7 billion in 2021. The lockdowns that were in place during the pandemic and consumer spending served as positive catalysts for the sector.
Apple's Windfall From Gaming: Apple, Inc. (NASDAQ: AAPL
Cupertino's gaming revenue stood at $15.3 billion in 2021, up 17.7% year-over-year, Statista said, citing Newzoo. Incidentally, Xbox console manufacturer Microsoft Corporation (NASDAQ: MSFT
Chinese tech behemoth Tencent Holdings Limited (OTC: TCEHY) and Japanese consumer electronics giant Sony Group Corporation(NYSE: SONY) took the first and second positions, respectively. While Tencent increased its revenues by 9.9%, Sony's fell 2.3%.
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