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Indeed, the top player in the industry is indeed Tencent.
The landscape is rapidly changing, however.

When you start to look at the breakdown per company, things get more interesting.
Tencent is miles ahead of the pack, with a dominating position in service games across all platforms.
Other developments could further upset the balance.

Personally, I think it’s a long shot.
Despite that concentration, the diversity of business models is quite stark.
The chart doesn’t include hardware revenues, which would partially explain the oversized gap between Tencent and PlayStation.

Microsoft is modeling itself after Tencent to that end, while also supporting a hardware ecosystem.
Still, the challenges for Microsoft are still quite abundant.
Xbox’s future is undoubtedly secure either way.
















