To be honest, its not really indicative of much.
Mobile and GAAS is a huge portion of the market, and a downturn in the performance of just that segment would throw a huge amount of shade on how core gaming is doing.
People tend to interpret data in ways that fit their preconceived notions and worldview moving forwards.
Its funny, things are not great for young people right now economically, but the truth is they weren't night and day better 20 years ago. People harp on about how things were in the 1950's. but that's a long-ass time ago and acting like anyone's who's come up at other points during the last 75 years has had trials and tribulations of their own.
The current gen just have the benefit of the internet to broadcast and jointly-commiserate their grievances on, whilst bathing in consumerist fantasy-land propaganda that presents entirely unrealistic expectations.
The trouble is, a lot of these kids have been conned into thinking they are special, when they are capital "O" Ordinary. And like all ordinary people from the beginning of time, they get less.
The cold hard truth is, even in a scenario where anyone can win in the game of life, not everybody is going to.
Problem is multifold IMO.
A lot of younger people had parents who did well, so they try to copy them ASAP despite not being in the same financial position. Live for today, jump to a nice home and car and they are like 27.... "We'll if my parents could get a nice suburban home for $150,000 in 1984, I wanna try to do the same even though a similar home now costs $1,000,000!"
Well. That's life. Things like homes usually go up in value as demand outstrips supply and most people who own homes have no urgency to leave. Unless they got a big reason they got to pack up ASAP and dump their house for cheap, they arent budging for a bad price. It's not like a company selling stuff and needs to sell cheap to get rid of inventory or fight for market share. Selling homes is like people selling stuff online. If they dont get a good price, they'll pull their listing and wait for another time.
So if it's not possible to replicate home life, next best thing to be happy is buy other shit.
The number of people at my past few places I worked at where people in their 20s making good money already driving BMWs or Audis was nuts. They got nicer cars than the directors. Oh, look at that..... most of them are still renting and doing vacations to Mexico twice a year too. So they are putting cars and probably $5,000 of vacations per year ahead of a home. I did the opposite when I moved out long time ago. Small starter condo first + a Honda Civic + no expensive vacays + bought most of my stuff cheap at Ikea. I even still got some of it now as it still works. And they wonder why they are broke. That BMW 3-series or SUV lease, or 8 year financing loan just sapped them of money and mortgage capacity. Great job bud, you just sunk a ton of money into a depreciating asset you can barely afford!
The farther you go back, the more value conscious people are. At least that's my guess. I dont get a sense boomers or their immigrant parents were making money at shitty jobs so they could blow it all buying as many black and white TVs, trips to Europe or $200 calculators when they released for the first time. Nor do I get a sense people back then amped up spending all their money buying dumb faddish products, designer clothes or endless orders from Sears catalogues. And as a Gen Xer I dont think were giant spenders either at a young age. We spent money, but not on as much weird shit as Milleneals and Gen Zers. After we build up money and assets to a nice level, then we'll spend on nice things when the affordability is fine.
The world is more and more a digital payment world too. Farther you go back in time, people paid cash. So you bought with what money you had (aside from big things like mortgages and car loans). People saved up and bought. Now, seems everyone can get a credit card, use debit, or any of those new wave digital payment apps which who knows what the qualifications are to use it. All this does is make people buy more stuff and go into debt more. Some people can control themselves, some cant.
I dont know what credit cards are like now, but my first credit card was one of those university student kinds of cards. My limit was $500 or $1000. I forget but it was low. No annual fee. No extra perks. And I only used it in emergency situations I didnt have cash on me. Cant buy a lot with that low limit anyway, but doesnt mean I should max it out.