AMD-powered devices drive the rise of handheld gaming PCs
The big picture: Released three years ago today, Valve's Steam Deck has become one of the most notable products in PC gaming hardware, creating an entirely new market segment. While manufacturers like GPD began selling handheld gaming PCs years earlier, estimates from IDC show that the Steam Deck vastly dominates the market. However, the potential for future growth remains uncertain.
Why it matters: It's been almost three years since AMD launched the AM5 chipset alongside Ryzen 7000 CPUs. But according to a company executive, global sales of AM5 and the previous-gen AM4 are split 50/50, illustrating how the socket that supports Zen 1 through to Zen 3 remains popular.
In context: Capcom's latest earnings show that the software markets for PCs and consoles are a close race, with PCs edging out consoles by 14 points. During its 2023 fiscal year, 54 percent of Capcom's game sales went to PCs, while consoles accounted for 40 percent. The remainder is in mobile gaming, which ironically has doubled the gaming population of the other two markets combined.
Microsoft expects the trends to continue into the following quarter
The big picture: Some analysts predicted the Xbox Series X would outsell the PlayStation 5 in 2020. Instead, Sony's console has likely sold more than double the Xbox Series S and X. The situation is so dire that Microsoft hasn't disclosed precise unit sales in over a year and has begun releasing its games on competing consoles. The company's latest earnings call certainly won't improve investor outlook concerning the future of Xbox hardware.
Wallet friendly: Valve's annual Steam Summer Sale has arrived and is ready to do battle with your wallet. Luckily, with plenty of steep discounts available, you might just survive with minimal financial casualties.