Advanced Micro Devices Inc said sales of its sales of graphic gaming cards fell, while Nvidia flagged a 19 percent sequential drop in revenue. Gaming chipmakers are seeing a knock-on effect of the cooling demand. The weak demand comes as double whammy for these firms that are struggling with component shortages. we are seeing some softness," Take-Two top boss Strauss Zelnick told analysts.Ĭonsole makers too have taken a hit as gaming revenue dropped for Xbox-maker Microsoft, while PlayStation-maker Sony cut its forecast and Nintendo posted lower sales. "When you have 50 percent of big bank economists saying we might be in a recession in the next quarter or two, my attitude is. "The job market is still hot, there is plenty of froth on the economy causing aggressive inflation and the relaxation of COVID restrictions are leading consumers to consider spending on more experiences outside of the home," said Jesse Divnich, senior vice president at Interpret, a video game market research firm.Īctivision Blizzard reported smaller-than-expected quarterly profit, while rival Electronic Arts and Take-Two Interactive warned of disappointing sales ahead. US consumer spending on video games fell 11 percent in June and is expected to decline 8.7 percent this year, data from analytics firm NPD showed. We will not share your details with third parties. This website now contains the first ever SVG-based interactive expansion animation. On this page you can see what I was able to make with it. They sent me a basic prototype of their program. I have read and accept the privacy policy and terms and conditions and by submitting my email address I agree to receive the Digital Nation newsletter and receive special offers on behalf of Digital Nation, nextmedia and its valued partners. I got introduced to some developers who were working on a replacement for Adobe Flash.
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