Nonetheless, EA, through its recent takeovers - Playdemic, Glu Mobile, Inc., and Codemasters Group Holdings plc - expects to propel mobile growth with ongoing live services across different games and genres. This is also expected to attract further competition from mobile game developers like Tencent ( TCEHY Quick Quote TCEHY - Free Report) and Activision Blizzard ( ATVI Quick Quote ATVI - Free Report). The video gaming industry is set to witness a CAGR of 9.64% between 20 and reach $314.4 billion, according to data from Mordor Intelligence report. This is expected to benefit video game developers for the rest of 2021. According to The NPD Group report, consumers spent a whopping $4.6 billion on gaming in July, up 10% on a year-over-year basis, which marked the best July since 2008 in terms of sales. Moreover, video game spending is expected to remain robust buoyed by strong demand. Per App Annie estimates, mobile gaming is expected to witness $120 billion in consumer spending, which will be three times more than consoles. Player spending on mobile games has skyrocketed due to the pandemic-led spike in demand. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. This Zacks Rank #3 (Hold) company is expected to benefit from strength in popular mobile games such as Madden Mobile, FIFA Mobile, and Star Wars: Galaxy of Heroes. Image Source: Zacks Investment Research Strength in Mobile Live Services to Aid the Top LineĮA’s portfolio now spans more than 15 top mobile live services. In addition to the launch trailer, EA has also released the game’s soundtrack on Spotify ( SPOT Quick Quote SPOT - Free Report). In this kingdom, chance rules, and players will influence it in their favor, experience explosive dice battles, play with time, and learn exciting abilities and spells. The premise of this action-adventure game is that a sinister Queen rules over the kingdom of Random. Players will embark on a journey through the twisted, dystopian world of Random together with Even and her living dice, Dicey. Set in a stop-motion-inspired dark-fairytale world around dice and chance, Lost In Random tells the story of two young sisters, namely, Even and Odd. Electronic Arts and Zoink Games recently announced the launch of Lost in Random. The company has been increasingly focusing on expanding its gaming portfolio to boost user growth.
Electronic Arts ( EA Quick Quote EA - Free Report), one of the top global players in video games development and delivery as well as delivery of content and online services, has gained 1.1% in the year-to-date period against the Zacks Toys - Games - Hobbies industry's decline of 10.2%.
0 kommentar(er)
