A few months ago, Valve co-founder Gabe Newell was a bit less optimistic about the company’s future.
“Steam is still a relatively new thing,” he said in a Q&A with Polygon.
“It’s still getting built, but we’re just not seeing that much in the way of innovation and innovation in the platform.”
He later told Polygon that the company had “probably a few years” to catch up.
That optimistic outlook hasn’t changed in a year.
The number of Steam users is still fairly small, and it’s still hard to get a full picture of how much money Valve has raised, as Valve has no public revenue figures to report.
But there’s a good chance that even if Steam’s growth slows down, the company will still have a decent amount of money left to invest in new features, as its Steamworks service is still only a few months old.
Newell has repeatedly said that Valve has a good shot at success, even as it’s seen its revenue slip.
In the short term, the best way for Valve to keep up with the rapidly growing market is to focus on improving the experience for users.
That might be easier said than done.
“You know what’s happened with the PC?
Steam’s just kind of taken a hit,” Newell said in his Polygon interview.
For Valve, that growth will come in two forms: a continued growth in the number of users who have purchased the Steam Store, and a renewed focus on developing its own games and games-as-a-service (GaaS) services that offer similar or better services. “
But I think we have a good bet for the next decade that Steam will continue to grow.”
For Valve, that growth will come in two forms: a continued growth in the number of users who have purchased the Steam Store, and a renewed focus on developing its own games and games-as-a-service (GaaS) services that offer similar or better services.
The company is currently working on a new, free-to-play version of its first game, Left 4 Dead, and the new service, Steamworks, could see that grow even more.
“There’s a lot of people who like to get their games into Steam, and I think the Steam service is really a great service for that,” Newill said.
“And I think it’s a service that Valve is going to try to maintain.”
Valve will also continue to focus more on making games that cater to more people, and that means developing more features that let users buy in-game items.
The new Steam Controller, for instance, is meant to be a more affordable alternative to the $300 controller Valve is currently selling.
Newer versions of the Steam Controller also include a new camera for the game’s cutscenes and an updated audio system that should improve the experience.
Valve is also working on new ways to monetize its services, like a “tipping” system that lets people earn money by purchasing game and item bundles.
Valve recently announced that its revenue has grown by nearly a third in the last year, and Newell believes that Steamworks will continue that trend.
“If you look at the Steam business, it’s really driven by the fact that there’s so many people who want to play our games, and so many of those people can’t buy them from other people,” Newll said.
Valve also plans to add in-app purchases to its services.
Newest versions of Steam will now let users make a small amount of in-application purchases when they want to add a new item to their games, or buy a cosmetic item.
This is a welcome change, as in-App Purchases have been the only way to make money on Steam in recent years.
The more people who buy in the store, the better the game and the more money Valve makes.
But that doesn’t mean Valve is making a profit off of the in-store purchases.
The games and in-play items that users buy will still be the same as before, and Valve will still make money off of those sales, although it won’t be as much as it does now.
Steam is already selling “microtransactions” that let customers pay $0.99 or more per item to unlock a new game or item.
“The microtransactions are really a way of incentivizing our customers to buy additional in-games items and games,” Newellen said.
“[But] it’s not just a revenue stream that we’re going to continue to have, it is a business that we’ve built.”
And with that business, Newell is hoping to bring some stability to the platform.
Valve has been slow to embrace the Steam platform, despite a number of recent updates.
New games are being built on top of the old platform, and even though Valve has promised to release a new version of Steam every three months, it has struggled to keep the platform up to date.
New features that Valve added to Steam recently, such as the ability to play games that aren’t supported on the original platform, were designed to