this post was submitted on 17 Feb 2024
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[–] [email protected] 159 points 8 months ago (3 children)

Yup hit the nail on the head. Not only can he make decisions that are risky that don't pay off he is also 100 percent legally in his right to make decisions that lose the company money. If he feels it pushes the industry in the right direction.

[–] [email protected] 40 points 8 months ago (2 children)

It’s crazy to think the Steam Deck may not have been a reality due to this. And crazier to realize that Valve probably, at the very least, doubled their annual revenue due to all these new Deck owners, some who may have never had an account before, now buying all these games because of the cheap handheld.

Not only that, all the lack of proprietary things on the Deck like locking down the OS or forcing only Steam games and discouraging emulation or disallowing mods and upgrades like the removable SSD, even on the cheapest option with eMMC that is usually reserved for cheap soldered storage.

[–] [email protected] 16 points 8 months ago

If revenue growth is farther out than end of next quarter, it doesn't exist

  • capitalist
[–] [email protected] 11 points 8 months ago (1 children)

Doubled their revenue? I think you're severely underestimating how much money Steam pulls in yearly if you think ~2 million Steam Decks are that much of a percentage of it.

[–] [email protected] 11 points 8 months ago

They weren't talking about deck sales, they meant the games that the new deck users that didn't own a gaming PC bought from steam. Idk if that holds true but that's what they meant.

[–] [email protected] 27 points 8 months ago (1 children)

He also doesn’t need to demonstrate revenue growth every 3 months.

[–] [email protected] 5 points 8 months ago

This is the big one

[–] [email protected] 22 points 8 months ago

Drags them kicking and screaming