Video Games Hit Hard Times After Pandemic Boom
-
Video game sales and usage have declined recently after a pandemic boom
-
The video game industry has seen major layoffs, with over 10,500 jobs cut in 2023
-
Apple's mobile ad changes have disrupted the mobile games business model
-
Production costs for big budget games are skyrocketing, making it hard for new games to compete
-
A few expensive, sequeled games dominate, limiting innovation and audience growth like in Hollywood