5 companies achieve revenues of $61 billion from games during the last quarter of 2023, led by the Chinese “Tencent”.

Five global gaming companies achieved about $61.8 billion during the last quarter of 2023, led by the Chinese company Tencent with $22.8 billion, an $11 billion difference from its closest competitor.
Tencent is the largest video game seller in the world, and one of the most financially valuable companies with a value of $372.55 billion. It is also one of the largest social media outlets in China, and its services include social networking, music, web portals, e-commerce, mobile games, and Internet services. Smartphone payment systems and online multiplayer games.
Sony came in second place through its games division, known as “PlayStation,” where it achieved $11.4 billion, according to NewsZoo data.
Sony has recently launched a number of major AAA games, such as Spider-Man, which has so far sold more than 10 million copies and cost about $333 million to produce.
In third place was Apple, the manufacturer of iPhone phones, achieving $10.4 billion, as the company recorded 30% of game application sales on its store.
The company expanded by launching “Apple Arcade,” a video game subscription service. The user pays a subscription to access a complete list of games that can be played whenever he wants, and the service also enables testing of each game, which will be playable without the need for the user to be connected to the Internet. .
Microsoft came in fourth place with $9.3 billion, the company that went through acquisition rounds in the last two years, purchasing Bethesda for $7.5 billion and Activision Blizzard for $70 billion, in order to enhance the Xbox library and Game Pass service, which Microsoft is strongly promoting. .
Fifth place goes to NetEasy, with $7.9 billion during the fourth quarter of 2023.
NetEasy is another Chinese company on the list, and this reflects the strength of Chinese companies in the sector. It is also one of the largest game developers in the country and has been operating since 2001. It has also launched a program to support game developers worth $500,000.