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Musk’s net worth stands at $234 billion as of June 28. However, his wealth had peaked in November 2021, amounting to $340 billion.
On the other hand, throughout all these years it has been possible to see how PlayStation, Xbox and Nintendo have dominated the console market.
Even with all this, Elon Musk says that he is not interested in creating a video game console.
Elon Musk was participating in a recent episode of Full Send Podcast when asked if he would be interested in creating a video game console. The obvious video game fanatic said he is not interested in doing such a thing.
In detail, Elon Musk says that “he is not sure” whether you can create any value other than the current video game market. In addition, he explains that video game consoles are “basically PCs” which perhaps implies that he sees the consoles increasingly indistinct next to the games of PC.
Elon Musk
Beating out incredible entrepreneurs like Bill Gates, Jeff Bezos, Mark Zuckerberg, and Warren Buffett, the CEO of Tesla and SpaceX ranked highest in the 2020 Bloomberg Billionaires Index, with a net worth of $223 billion.
According to ForbesElon Musk’s net worth stands at $234 billion as of June 28. However, his wealth had peaked in November 2021, amounting to $340 billion.
In 1995, Elon Musk founded Zip2, which helped digital newspapers with maps and directories. Four years later, the company was acquired by computer manufacturer Compaq for $307 million. Musk went on to form the online payment systems and financial services company X.com, which later became known as PayPal. In 2002, PayPal was sold to eBay, the US e-commerce company, for $1.5 billion.
Becoming one of the richest American businessmen, investors and tycoons in the world.
On the other hand, throughout all these years it has been possible to see how PlayStation, Xbox and Nintendo have dominated the console market.
In fact, the global market size for console games grew from $65.48 billion in 2021 to $72.67 billion in 2022 at an annual growth rate of 11 percent.
Even with all this, the business giant Elon Muskrefuses to participate in the market.
Why does Elon Musk think it’s a bad idea to develop a new console?
In an episode of Full Send Podcastthe podcast host asked Musk if he would be interested in creating a new game console that could compete with PlayStation and Xbox. The question was pertinent, especially since Tesla’s father is renowned as an active gamer, often speaking on social media about his gaming laptop.
“Most people in the corporate world really try to conform to some kind of behavior that makes them look like an Android or a drone or some NPC in a video game with a limited dialogue tree” – @elonmusk pic.twitter.com/4jOe1JVK4O
– Pranay Pathhole (@PPathole) August 9, 2022
And although ideas, experience and money are not obstacles to Elon Muskhas made it quite clear that he doesn’t think it’s a good idea to try to get into this field. This is a statement that could not be more correct. In the end, he said it too:
Consoles are becoming more and more like PCs, so another new console doesn’t make sense in such a well-defined market.
This topic is quite difficult, especially if we take into account the recent evolution of the video game industry. We’ve seen big companies start to migrate to PC, and the progress so far points to a very open future, where the difference between platforms will no longer be determined by the games, but will be limited to the preferences of each player.