7, Jun 2024
Unveiling Indian Gamers’ Habits and Mobile Market Surge

Mobile Gaming Market Faces Decline in Casual Genres

The latest reveals a significant decline in casual mobile game downloads. Arcade, simulation, and lifestyle games each saw over a 10% year-on-year drop. Despite this, RPGs remain the highest revenue-generating genre, bringing in $4.6 billion, though down from $5.3 billion in Q1 last year.

China Approves Valorant Mobile

China’s gaming regulator has approved 15 foreign video games, including the mobile version of Riot Games’ Valorant. Riot, owned by Tencent Holdings, , allowing Valorant Mobile to enter the lucrative Chinese market. Under Chinese regulations, foreign games must undergo localization and censorship. Valorant’s mobile release is highly anticipated, with Tencent calling the PC version that launched in the country as its “most important game published in 2023.”

Tencent Moves in to Prime Singapore Office Tower

Chinese tech giant Tencent Holdings has moved its employees into CapitaSky, a 29-story tower in Singapore’s central business district, consolidating its presence in the city-state. Previously operating from a WeWork office at 30 Raffles Place, Tencent now occupies one floor of the tower, covering approximately half of a 56,000-square-foot flexible working space. This move, confirmed by a company representative to , signals a potential further consolidation as Tencent may transfer staff from another nearby co-working space at CapitaSpring tower when the current lease expires, according to sources familiar with the matter.

Nvidia Captures 88% of Desktop GPU Market as AMD’s Share Falls

In Q1 2024, Nvidia solidified its dominance in the desktop discrete graphics card market, increasing its market share to 88%, according to Jon Peddie Research. Nvidia’s shipments rose slightly to 7.66 million units, up from 7.6 million in Q4 2023. Conversely, AMD’s market share fell sharply to 12%, with shipments decreasing 41% quarter-over-quarter to 1.04 million units. Despite this quarterly decline, AMD experienced a 39% year-over-year increase in shipments. Intel, struggling to compete with Nvidia and AMD, saw negligible shipments.

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