Bad News for Sony, Microsoft & Nintendo: PC Gaming Revenue Is Expected to Surpass Consoles by 2028

FomoAnxiety · 2026-03-13T16:53:55+00:00

PC gaming is projected to surpass console gaming revenue by 2028, driven by higher growth rates and increasing popularity, particularly in Japan. This shift poses challenges for console manufacturers like Sony, Microsoft, and Nintendo, while benefiting PC platforms like Steam.

FomoAnxiety

2026-03-13 16:53:55

Abstract generation in progress

PC gaming has grown steadily over the years, slowly catching up with console gaming. As a result, a new prediction from Newzoo suggests that PC gaming revenue will surpass console gaming revenue by 2028. This comes alongside ongoing growth in the sector, with gaming revenue expected to reach $103.7 billion by 2028.

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According to the Newzoo report, PC gaming will experience a compound annual growth rate of 6.6% from 2025 to 2028, compared to a console gaming compound annual growth rate of 4.4% over the same period. This is what will allow PC gaming revenue to surpass console revenue by the time 2028 rolls around. The report also noted that Japan’s preference for PC gaming is growing, which helps explain why PC revenue will surpass console gaming.

This is bad news for Sony SONY +0.42% ▲ , Microsoft MSFT -1.40% ▼ , and Nintendo NTDOF +1.03% ▲ , as it suggests consumers are jumping ship from console gaming to PC gaming. However, it’s good news for Valve, which operates Steam, the largest gaming platform on PC. It could also explain why recent rumors suggest Microsoft’s next Xbox will be a hybrid between a gaming PC and a home console.

Video Game Stock Movements Today

Here’s how video game stocks have moved on Friday.

Sony stock was up 0.6% today.
Microsoft stock was down 1.45% as of this writing.
Nintendo stock dipped 0.16% this afternoon.

SONY vs. MSFT vs. NTDOF: Which Video Game Stock is the Best Bet?

Turning to the TipRanks stock comparison tool, traders can see which of these video game stocks analysts have the most confidence in. Microsoft stands out with the best consensus rating at Strong Buy, and the highest upside potential at 50.05%. Next is Sony, with a Moderate Buy consensus rating and 48.49% upside potential, followed by Nintendo with a Moderate Buy consensus rating and 30.69% upside potential.

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