EA Stock to Ride High on the Digital Platform
BUZ INVESTORS Electronic Arts Stock Today’s stock is a classic play on the rising trend of mobile gaming in the entertainment industry. As the usage of mobile phones becomes more ubiquitous around the world with more powerful chips, investors can make a handsome am ount of money by investing in gaming stocks that are most likely to benefit from this boom in mobile gaming.
There are a number of stocks in this market which could make the choice difficult for a potential investor. However, there are a few stocks that have been posting impressive growth as well as positioning themselves to capitalize on the tremendous potential in the future.
Electronic Arts Stock
According to research by SuperData LLC, the digital games market hit $91.0 billion in the year 2016, which turned out to be the biggest year in the digital games and playable media market. Out of this total market, mobile games accounted for $41.0 billion. As per the report, the games and playable media audience is now one of the most valuable and engaged demographics. (Source: “Market Brief – Year in Review 2016,” SuperData LLC, December 2016.)
The market for interactive entertainment is highly competitive and changes rapidly as new products and platforms are introduced. But Electronic Arts is up to the challenge.
The industry is being reshaped by the introduction of the concept of games as a service. EA is in a great position to benefit from this transition as it is investing in its digital platform that connects players across games, devices, and franchises. This platform also provides more data to the company about its games, which leads to more innovative offerings. The company has more thrilling experiences lined up for FY18, which will be a great boost for EA stock.
Not only this, the company is also focused on competitive gaming and eSports, which are fast emerging as popular segments of the market and will play a key role in the growth for the company going forward.