Sony (NYSE: SNE) and Tencent (OTC: TCEHY) are the two largest video game companies in the world by annual revenue. Sony generates most of its revenue from PS4 consoles and games, while Tencent makes most of its money from mobile games.
That's why it was surprising when App Annie's annual "State of Mobile" report revealed that Sony's Fate/Grand Order was the highest grossing mobile game of 2019, marking the second straight year it beat Tencent's Honor of Kings. Let's take a closer look at Fate/Grand Order to see how it complements Sony's other businesses.
Image source: Aniplex.