In early 2023, Activision Blizzard (of Call of Duty fame) was the largest pure-play gaming company with a market capitalization of over 67 billion U.S. Video game developers and third-party publishers are also highly valued. Mobile gaming revenue is not even limited to publishing mobile games – despite not being traditional gaming companies, Apple and Google also make a lot of money from gaming apps due to their revenue cut from their respective app stores. Due to its success with mobile and online games, Chinese digital giant Tencent is also among the top companies by gaming revenue. Success in the gaming industry is not only limited to platform owners. According to the most recent data, the Big 3 video gaming companies account for 29 percent of total gaming industry revenue, with Sony holding the biggest market share among the top companies. Due to this infrastructure advantage, the Big 3 are the biggest video game publishers worldwide, making billion of U.S. These three companies are major video gaming hardware makers and currently dominate the console gaming market. The Big 3 in the video gaming industry are Nintendo, Microsoft, and Sony.
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