Spencer recently discussed the state of the gaming industry, focusing on the issue of economic uncertainty in particular. “Gaming is somewhat resilient to those issues,” he said, referring to issues that arise during recessions. However, Spencer did admit a few days ago that price increases for Xbox Game Pass are possible in the future, implying that the resilience Spencer described may stem from the industry’s ability to adapt to the economic context at an extremely rapid pace.
Of course, not everyone agrees with Spencer. Piers Harding-Rolls, research director at analytics firm Ampere Analysis, told CNBC that the gaming industry is “poised to hand back a bit of [its] growth” by 2022. Given that the company may raise the prices of its services to compensate for decreased revenue, it’s worth noting that Xbox’s potential price increase could have far-reaching consequences for the rest of the industry.
