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Chinese game market rivals US

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A report from the China Audio-Video and Digital Publishing Association pegs the country's gaming revenues this year at about $18.5 billion, a 38 percent increase year-over-year, reports Xinhua. Mobile and social games saw the most dramatic increases to $4.4 billion (+145%) and $11.7 billion (+52.5%), respectively.

The NPD reported the US games market hit a total of $15.39 billion last year, with the report covering 2014 expected early next year. The US market saw a one percent increase between 2012 and 2013.

China is the great emerging market for the video game industry. The current Chinese sales really only cover PC and mobile, as the country only lifted its 14-year-ban on foreign consoles earlier this year. Microsoft has sold over 100,000 units of the Xbox One into the Chinese market, with Sony starting PlayStation 4 and Vita sales in the new year. Nintendo is also expected to enter China with devices targeted for the market.

[Image: Shutterstock]

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