We are still not happy with Sony’s (SNE) obstinate refusal to quit its money-losing Xperia smartphone business. However, GlobalData Thematic Research’s projection that the video games industry can become a $300 billion/year business by 2025 is compelling us to re-invest in SNE. GlobalData’s $300 billion projection is almost double that of Newzoo’s 2019 estimate of $152.1 billion.
GlobalData’s chart above shows console gaming (where Sony’s PlayStation hardware and ecosystem is number one) is still projected to grow to $60 billion/year by 2025. Console gaming has made Sony the world’s second-biggest video