The cold weather is starting to break across the country, and the gaming trends are finally showing some signs of weakness.
Relative to the lockdown-inspired highs seen last year, we're seeing a slowdown in gaming-related mentions for all 3 major console brands. However, we've yet to see a YoY decline in PC Gaming mentions.
What's more impressive is the growth in PC Gaming relative to the 2019 levels- +31% vs. 2 years ago:
PC Gaming has been so dominant in recent months that we've seen it boost several companies to new heights: Logitech (LOGI), Nvidia (NVDA), and Turtle Beach (HEAR) to name a few. Razer (OTC:RAZFF) is another name to keep an eye on going forward. This company is a multinational distributor of gaming peripherals and other equipment, and according to our data, it just had its best year ever in 2020.
The number of English-speaking consumers talking about purchasing Razer brand keyboards, mice, and other accessories has remained elevated for the past 9-months, currently up +22% YoY on the 90-day moving average.
It's no surprise that the Razer posted record revenues for the year, with the CEO referencing growth in the "gamer demographic" as a major tailwind for the company. Also worth noting: Razer is establishing itself in the e-payments space as well.It has an e-wallet service called 'Razer Pay' in Malaysia and recently launched a virtual prepaid debit card service in Singapore, both catering to their young, tech-savy customer base. Service based revenue grew+75% YoY in the second half of 2020.