Sony Ventures into Lucrative Mobile Gaming Sector

Strategic partnership with NCSOFT marks Sony's serious bid in a market that saw $107 billion in player spending in 2023.

Sony is making strategic moves into the mobile gaming sector, with plans to develop a Horizon MMO for smartphones in partnership with NCSOFT.
Data from 2023 reveals high revenues in the mobile gaming industry, with companies like Tencent making nearly $5 billion per year from mobile games alone.
Despite a slight dip in the mobile game industry in 2023, player spending still reached $107.31 billion, with China leading in player spending and downloads.
RPGs like Genshin Impact had the most player spending at $24.5 billion, indicating high potential for monetization in the mobile space.
Sony's move into mobile gaming could potentially fund more games for PS5, following the trend of Games as a Service.