The analyst outfit puts that at a 7.5 per cent year-on-year jump, driven by higher prices, broader content availability and some accounting and revenue recognition quirks.

The platform split shows why Microsoft keeps shoving everyone towards PC. Mobile is tipped to haul in $108 billion, which is 55 per cent of the total.

Console is forecast at $45 billion, up 4.2 per cent and worth 23 per cent, while PC sits right behind at $43 billion for 22 per cent.

PC has become the new hunting ground for console makers, with Sony and Microsoft dropping games on Steam for years.

Microsoft looks set to push harder still, with reports suggesting the next Xbox could be a Windows 11 PC that fakes the console vibe through emulation.

The big earnings jump comes in a world where nearly everything costs more, including older catalogue titles that are still shifting at the now-normal $70 price tag.

Nintendo’s Switch 2 launched in June, opening a fresh lane for software sales, subscriptions and the usual drip of hardware and accessory spending.

Nintendo also released the first $80 mainline AAA game, Mario Kart World, and players did not blink. Microsoft hiked Xbox console prices twice in 2025, then shoved Xbox Game Pass Ultimate from $20 a month to $30.