5G Square Enix director and Final Fantasy game producer, Naoki Yoshida, said the emergence of the 5G internet network will change trends in the gaming industry.
According to Yoshida, this fifth-generation network technology will “kill” popular game consoles such as PlayStation, Xbox, and Nintendo.
“Once 5G becomes the global standard, there will definitely come a time when we will be able to transfer images to any device,” said Yoshida.
Yoshida said the 5G network would allow developers to bring games to a wide range of devices. Therefore, gamers no longer need to rely on console devices to play games.
“We’re definitely headed in that direction, and I don’t think the coronavirus will slow this change,” Yoshida said.
This opens up opportunities for cloud-based gaming to change the trend of the gaming industry. Two technology giants, namely Google and Amazon, have already launched cloud gaming services Stadia and Luna.
However, industry players and analysts admit that they are still hesitant to actually accept the change.
The console device itself still exists since its appearance in the mid-1970s. What’s more, recently the console market has experienced quite a significant development.
This can be seen from the amount of revenue that Square Enix pocketed. The game developer claimed to have earned the highest profit of 47.2 billion yen, up 44 percent from 2020 revenue.
This increase was driven by high sales figures for Final Fantasy VII Remake and a number of other new game titles on the market.
Yoshida explained, the Covid-19 pandemic has encouraged users to use their free time more to play games. “By staying at home, there are more opportunities to turn on (the console and play it),” said Yoshida.
However, the high popularity of the console is still overshadowed by the global chip crisis. If this scarcity continues, the Newzoo research group predicts the trend of consoles on the market will drop 8.9 percent to 49.2 billion US dollars.