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GamesRadar
GamesRadar
Technology
Anna Koselke

Amid all the closures and layoffs, the global games market has apparently passed $200 billion in yearly revenue for the first time ever, says analytics firm

South of Midnight.

Although it's been a turbulent year for developers and publishers amid all of the closures and layoffs, the video game industry as a whole is apparently thriving globally – so much so, in fact, that it's raking in hundreds of billions of dollars.

A whopping $200 billion or so, to be precise. The news comes as reports from analytics firm Newzoo (thanks, GamesBeat) confirm the global games market has earned $201.6 billion in revenue – up a good 9.1% year-on-year.

Most notably, this is the first time that the industry has netted over $200 billion worldwide, toppling all the estimations and expectations experts had for the year. Mobile gaming, unsurprisingly, makes up a bulk of this figure.

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