Mobile Games Captured $90.4B, 49% Of Global Market In 2023
Portfolio Pulse from Franca Quarneti
Mobile games captured $90.4 billion in 2023, accounting for 49% of the global games market. Despite a 2% decline in overall consumer spending, in-app revenue for game apps increased by 6%. Top apps for consumer spending included Microsoft's Candy Crush Saga and Roblox Corp.'s Roblox. Advertising expenditure is projected to grow significantly in the coming years.
June 05, 2024 | 6:55 pm
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Microsoft's Candy Crush Saga was one of the top apps for consumer spending in 2023, contributing to the $90.4 billion mobile games market.
Microsoft's involvement in the top consumer spending apps indicates strong performance in the mobile gaming sector, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Roblox Corp.'s Roblox was one of the top apps for consumer spending in 2023, contributing to the $90.4 billion mobile games market.
Roblox's strong performance in consumer spending highlights its significant role in the mobile gaming market, likely leading to positive short-term stock movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80