- In Q2 51.2% more mobile games downloaded as in the same period last year
- Forecast: Revenues for video games to rise 11.4% compared to last year
- Since corona crisis 33% of Germans willing to spend money on E-Sports
- E-Sports most popular in Spain
- Gaming stocks profit significantly from the crisis, gaining up to 43.1% in value
Between April and June, 51.2% more mobile games were downloaded via the Google App Store than in the same quarter of the previous year. This represents an increase of 4.2 billion downloads. You can see this in a new infographic from Kryptoszene.de. It is clear that the games industry is benefiting from the crisis in other respects too.
According to forecasts, worldwide sales of video games are set to increase by 11.4% this year compared to 2019. The e-sports sector is also growing: 32% of Germans say they have spent more time consuming e-sports since Covid-19, and 33% are also prepared to spend more money on this hobby. Meanwhile, enthusiasm for e-sports is growing the fastest in Spain, where people have suffered particularly badly from restrictions and the effects of the corona crisis.
As the infographic shows, gaming shares have recently made strong gains. For instance, the price of TakeTwo Interactive shares rose by 43.1% in the 6-month review, with other gaming companies also recording similarly high growth.
“The already fast-growing games industry is expanding even faster in the face of the corona crisis,” notes Kryptoscene analyst Raphael Lulay. “E-Sport Events are not only becoming more popular via free streams, but more and more are also inclined to spend money on them. In view of these developments it is not surprising that gaming shares are disproportionately increasing in value”.