Valve Beats Google, Apple For Profits Per Employee
Posted: 2011-02-17 04:32am
Nice . It seemed obvious to me that Valve must be racking in cash thanks to Steam (There are more PC and Mac gamers than iOS gamers to put it simply ), but it's cool to see it confirmed. Now if only they'd let me preorder Portal 2 .
The Examiner wrote:Anyone who has spent even the most slight amount of time with a controller in their hands or resting fingers comfortably on a keyboard and mouse will be aware of Valve and the sheer amount of excellence they have brought to the gaming industry for a number of years. Half-Life, Counter-Strike, Team Fortress, Portal and Steam - just to name a few - are what anyone who calls themselves a gamer could easily tout as revolutionary to the masses that stumble along between casual games, and for good reason. They're all classics.
So, it should come with little surprise that, according to Forbes, Gabe Newell is well on his way to being one of the wealthiest men in gaming. In an age when console gamers would have many believe that the PC was on it's way out the door, Newell and Valve's Steam stand as sentinels of the platform, offering a ridiculous amount of content to the 30 million users. With the lion's share of the downloadable market on the PC, it's no wonder that Steam has become the go-to for many and an incredible financial opportunity for Newell and Valve.
"Valve announced last October that it was on track for its biggest year ever, with 200% year-over-year growth. Newell says that, per employee, Valve is more profitable than Google and Apple. A potential buyer was rumored to have made an acquisition offer a few years back for the Steam piece only, but Newell supposedly refused to split the online storefront from Valve's game-publishing arm. (Valve denies being made an actual offer, only confirming that it received interest in both Steam and Valve in the past.)"
While the 250-person company is only valued at somewhere between 2 and 4 billion dollars, which pales in comparison to Zynga with an estimated valuation at 4 to 6 billion it still does little to hamper the simple fact that Gabe Newell currently owns more than half the PC download market, making him just shy of being a billionaire if he isn't one already. Not too bad for a Harvard dropout.
[Source: http://www.forbes.com/forbes/2011/0228/ ... ayhem.html]