Research firm Newzoo has axed its prediction for the total amount of games revenue to be generated in 2018 from $137.9bn to $134.9bn.

The outfit says that this is largely due to the mobile games market, which is reportedly performing "significantly below" Newzoo's predictions for the year.

The company reckons that off the back of China's regulation nonsense and an apparent lack of heavy hitters, this segment will generate $62.3bn in revenue - down $8bn from a forecasted $70.3bn.

If the sector reaches Newzoo's new predicted figure then mobile revenue will still be up by 12.8 per cent year-on-year, but it was predicted to be up almost 26 per cent.

The drop in predicted global revenue would be worse were it not for growth in both the console and PC markets. Newzoo says that it has increased its PC games revenue prediction from $32.9bn to $33.4bn for the year, with the battle royale genre being key to this growth.

In addition, peripheral says are also predicted to make $2.4bn this year - something the firm also attributes to battle royale.

Meanwhile, console revenue is predicted to be up 15.2 per cent year on year to generate $38.3bn.