Now the politicians don't even have that excuse. I suppose they'll have to add AI tokens to CPI. Used to cost $1000 each, now $0.000002 each, average inflation is 2%.
Except they don't even have that because the recent FOMC meeting pretty much admitted inflation is 4% and they don't feel like doing anything to reduce it, but they're definitely committed to reducing it, they swear.
It's going to hurt when agriculture does not see the efficiency gains it has been receiving for the last century or so. We might be at the inflection or leveling off now.
Once they are, they all need to be more and more profitable.
Finally when it’s no longer profitable fire half the people and strip it for parts.
They’re already dead, they just don’t know it yet.
Overall gaming is a dying business. Everyone has a pretty powerful smartphone in their pockets, and there are so many platform vying for attention. AAA gaming is becoming a smaller fraction of the overall gaming pie, so I would expect prices to go up. Mobile gaming usage is up from 42% -> 55% from 2017. Even based on analysis from Steam's data, Indie games are 48% of sales, vs 24% in 2018.
Gaming is fine. Remove AAA from the equation, and current gaming is perfectly fine. Indies are plentiful and offer a great experience. Even lower-budget games from larger companies are fine without being plagued with every horrible practice (e.g.: microtransactions).
Also, the past 4 decades of games are still available. Hell, I would probably need two lifetimes to play all games in my queue list.
It may not be the infinitely profitable industry that attracts the likes of Microsoft, and that is a good thing. In fact, I view Microsoft failing in gaming as a hopeful sign for the health of videogames.
What? Both PC and mobile markets are growing by any reasonable metric, and consoles are propelled by stellar Switch 2 sales.
The gaming market is ripe with money, it is total failure on Microsoft side that they failed to capture any of that. Xbox is on life support, and Windows platform tax is captured by Steam, where Valve funnels it into Linux to make its own platform.
Sure, if one has millions and millions in capital. Because why would an investor put a money in my company that works the way it “should” according to me if it produces lower profits as compared to my competitors?
It’s an easily observable fact that throughout the previous decades, investors have invested in businesses that reduce profit margins. Amazon being one of the most famous with the slogan “your margin is my opportunity”, but also Walmart, Costco, and other businesses that end up winning because they delivered acceptable products or services at lower prices.
I understand that you weren't the one who initially claimed they should start a business, but if you're going to jump into a thread where someone is told something nonsensical and defend the nonsense by ignoring the context, it's reasonable for others to also jump in and call that out.