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Great article, I'd also add 1 thing it missed: the steam sales culture.

According to steam spy, the average price of a game got cheaper year over year. They've conditioned people to wait for the sales. This can't be healty to the developers. People wait to buy more expensive games and it makes devs more dependent on the sales cycle.

Another thing is the low barrier of entry, hundreds of games came out just in recent months, there's so much shovelware in the store.