A number of high-profile console and PC games have also suffered from delays this year, setting up a return to growth in 2023. For one, consumers are spending less on gaming due to inflation increasing the price of everyday goods. mobile game revenue will surpass 2021 levels, worsening headwinds have firmly shifted the conversation away from the question of by how much.”Ī confluence of factors has created a particularly difficult time for game developers, and not just mobile ones. “While there is still a decent chance this year’s U.S.
continues to decline as consumers contend with both economic uncertainties and a new post-pandemic normal,” said Sensor Tower gaming insights lead Dennis Yeh last week. But this year's decline marks a surprising downturn for mobile. Mobile gaming has typically offset the losses in console and PC gaming and has been the largest and fastest-growing sector in the industry for years. The question for Spotify will be whether it can introduce meaningfully new tools for listening and even creating podcasts, or if it's simply trying to build a better Audible. Plus, audiobook listeners are book lovers, and they likely already have their go-to platform for book listening while they're on a road trip or taking a walk. Users have already complained that the app is too cluttered and complicated as it grows to contain new formats, and audiobooks are a completely different listening experience than songs or even podcast episodes. "We're going to be able to accelerate the addition of an audiobook catalog onto the platform so that users can effectively get all of the audio content that they want all on one platform," Nir Zicherman, head of audiobooks at Spotify, told The Verge.īut some may say Spotify's entry into audiobooks is … too much. Or Amazon, with which Spotify is in increasingly direct competition. Spotify's logic behind the audiobook acquisition makes sense, though: It wants to be a place where you can listen to music, then tune into a podcast, then start a book, without ever needing to switch to a competitor like Apple.
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