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As one of the leading esports studios in the world, League of Legends creator Riot Games has sold franchises for US$10 million. Tencent also owns games such as League of Legends and Hearthstone.
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The multiplayer battle royale game is available on Android and iOS. PUBG Mobile is the company’s most popular game, according to monthly active users. It allows users to play the mobile game on their PCs.
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The world’s largest gaming company by revenue, Tencent released its PC emulator for PlayerUnknown’s Battlegrounds (PUBG) Mobile in July 2019. Market cap: US$693.74 billion current share price: US$72.40 A variety of games can be purchased on the Stadia store and then played via Wi-Fi and wired internet connections. In November 2019, Google launched Stadia, a cloud gaming service that doesn’t require any special hardware that gamers don’t already own. Gaming accounted for 80 percent of that revenue. In the third quarter of 2020, Google Play accounted for 25 billion of 33 billion total app downloads for revenues of US$10 billion - up 10 percent from the same period last year. Market cap: US$1.09 trillion current share price: US$1,607.42Īlphabet, or Google as we all know it, is the largest mobile gaming company in terms of market share.
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It allows gamers to play on their consoles remotely. In the fall of 2020, Microsoft released a new version of its Xbox app for iPhone and iPad. Microsoft will allow Xbox games to be transferable from console to mobile through xCloud and will focus on titles like Forza Horizon 4 to usher in this transition. Rebranded in February 2019, Xbox Game Studios owns Minecraft, Halo, Kung Fu Chaos and Age of Empires. Microsoft operates Xbox Game Studios, formerly known as Microsoft Studios, which encompasses 15 independent gaming studios. Market cap: US$1.63 trillion current share price: US$215.13
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Globally, consumers downloaded 33 billion new apps during the quarter and racked up more than 180 billion hours of app use. In 2020’s third quarter, gamers spent US$11 billion in Apple’s App Store, topping the previous year’s Q3 revenues by 25 percent. The new Apple Arcade is designed to create a platform of over 100 games on which the company works intimately with creators and game developers. Offering a wide selection of mobile games, Apple Arcade provides in-house game development, acclaimed brands and renowned game developers. Market cap: US$2.01 trillion current share price: US$115.69Īpple launched its Apple Arcade in March 2019. All data and figures were accurate as of October 22, 2020. “In the next decade, hardcore gamers are also expected to spend more money on mobile gaming through monthly subscription services,” the publication states.Īs the mobile market gains momentum, here’s a look at the 10 top mobile gaming companies, ranked in order of market cap. Notably, about one-third of all application downloads are related to mobile games, according to TechZone360, accounting for 74 percent of all consumer spending in Google Play and the Apple App Store.
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Mobile games are typically accessed through three core operating systems: Apple’s (NASDAQ: AAPL) iOS, Windows and Android.
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For its part, Grand View Research states that the primary propellers behind mobile gaming revenue growth are advertisement, game purchases and in-app purchases.