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Pandemic Video-Game Boom Sends Sales Forecasts Soaring
- Revenue will rise 20% this year, research firm Newzoo predicts
- Games for mobile devices account for biggest piece of growth
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The video-game boom caused by the pandemic is expected to send industry revenue up 20% this year to $174.9 billion, outstripping earlier forecasts and dwarfing the market’s growth in 2019.
The projected revenue, which includes mobile, console and personal-computer games, will climb three times faster than last year, according to new estimates from research firm Newzoo. The forecaster had to make the biggest-ever adjustment in its outlook to account for the bump from the pandemic.