TCEHY - Q3 Mobile games downloads gong at 1B weekly; consumer spending on the rise

Almost nine months into the pandemic, majority of the sectors have faced severe headwinds except to name a few.Tech industry is one such which has managed to surface above the water and record higher growth rates compared to normal times.Stay-at-home rules by the government led to a speeding rise in mobile downloads; Q2 mobile games across platforms settled around a billion.Q3 is seen trending at similar levels with past three months revenue of ~$20B (+15% Y/Y) with another billion downloads weekly, as per App Annie data.Overall Q3 downloads hit ~14B (2.6B from iOS and ~11B on Google Play); 45% of all Android installs were games, ahead of the App Store (30%).Global mobile games downloads (Q3):App Store and Google Play experienced great growth, as consumer spending on games rose 5% Q/Q and 26.7% Y/Y to $20.9B.Genre-wise, RPGs proved to be the most lucrative, as did the strategy category; Pokemon Go led the

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Q3 Mobile games downloads gong at 1B weekly; consumer spending on the rise