{"id":30571,"date":"2022-07-30T21:52:46","date_gmt":"2022-07-30T21:52:46","guid":{"rendered":"https:\/\/harchi90.com\/the-video-game-industry-has-a-covid-hangover\/"},"modified":"2022-07-30T21:52:46","modified_gmt":"2022-07-30T21:52:46","slug":"the-video-game-industry-has-a-covid-hangover","status":"publish","type":"post","link":"https:\/\/harchi90.com\/the-video-game-industry-has-a-covid-hangover\/","title":{"rendered":"The video game industry has a COVID hangover"},"content":{"rendered":"
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The video game industry is suffering from a COVID hangover even a bottle of Pedialyte and a bacon, egg, and cheese can’t fix. After explosive growth throughout the pandemic, game sales are finally plummeting back to Earth.<\/p>\n

Both Microsoft (MSFT) and Sony (SONY), two of the world’s leading game companies, revealed this week that their gaming divisions saw year-over-year revenue declines, as soaring inflation takes a toll on the industry. It’s not just hardware and games sales that are taking a hit.<\/p>\n

Gamers are also spending less time playing than last year. Both Microsoft and Sony reported less engagement on their respective online gaming services, Xbox Live and PlayStation Plus.<\/p>\n

The likely reason? People around the world are venturing outside again as pandemic fears subside.<\/p>\n

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