I should have been posting this bite-sized news yesterday, but I’ve been feeling under the weather lately (I blame Steerpike and his relentless beatings). So I’m posting it now, instead.
Forbes Magazine in February’s issue have revealed that Steam controls up to 70% of the $4 billion market for downloaded PC games, with a staggering 200% year-over-year growth. Although Valve have never revealed their turnover or profit margins, its fair to say that their profit will undoubtedly exceed the 2005 predicted levels of $55 million in operating profit.
As the jewel in the crown for Valve and as much an experiment as it is a success, there is very little wonder that Valve show such dominance within the online market. “Steam-sale” deserves its very own dictionary definition.
To cut what could be a longer article short: Steam is profitable and popular because everything else is shit.
So what do you think of Steam? Does it deserve its market dominance?
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