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Tag Archives: economy

Apple App Store enjoys a record-breaking July

The market may be getting increasingly tough for Apple, but that isn’t stopping the continued growth of the App Store. CEO Tim Cook told CNBC that the App Store in July generated more revenue than in any other month in its history. "I couldn’t be happier,” said Cook. This is …

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Video games contributed £1bn to UK in 2013

A new report from TIGA says that the video games industry contributed 1.02bn to the UK economy in 2013. That’s up from 947m the year before, and resulted in tax revenues of 419m for the Treasury. The total number of people employed by the sector is up too, from 9,224 …

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GTA Online economy designed "for the vast majority of players who will not buy extra cash"

The in-game economy of Grand Theft Auto Online has been designed for those who won’t pay out on the included microtransactions. That’s according to Rockstar, which has moved to reassure players who were perturbed by yesterday’s news that users will be able to buy in-game currency using real-life cash. You …

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Canadian video game industry adds $2.3bn to national GDP

Finally some good news out of Canada, as the region’s Entertainment Software Association has revealed the country’s video game industry added around $2.3bn to the national GDP in 2012. Games Industry reports that ESAC announced the figure during a keynote address at the Ottawa International Game Conference last week – …

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