What does this tell us about the state of the market?
In terms of what the Steam Machine's price point tells us about the evolution of the games market more generally, van Dreunen thinks we're seeing a changing of the guard. "Firms that overextended in the wake of the pandemic, buying studios and chasing scale, will now pay the price," he says. "Hardware isn't getting cheaper, so the cost of entry has to come down some other way, through distribution and business-model innovation rather than cheaper boxes, but not every firm is capable of making that transition. "I predict a flourishing of small and mid-sized developers in the period ahead, preci