As I attended the Gamescom and Devcom events in Germany this week, I saw so many countervailing trends that were both discouraging and optimistic.
Nvidia reported on Wednesday that gaming hardware revenues — for the graphics chips used in gaming computers — declined 33% in the quarter ended July 31, compared to a year ago and down 44% from the previous quarter. That’s a pretty big cliff to fall off, but it’s not surprising given the effects of the war in Ukraine, inflation, a steep drop in demand in China, and a global recession.
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