Wilson said on the recent earnings call this is only the beginning. EA has been relaunching its college football company, which is now under development. There is also an expansion in another game, which Wilson would not name, starting next year. What's the monetary opportunity?EA estimates that the worldwide market for sports video games is over $11 billion with $7 billion on games console and PC, while the market for cellular is around $ 4.3 billion.
What's more, spending on sports is growing faster than other match types with mobile sport increasing at a compound annual rate of 24% during the previous four years. EA's goal to attain 500 million gamers and audiences should not be surprising. New technologies and methods to play games like cloud-based subscription providers and cellular platforms have only enlarged the audience throughout the previous ten years and will continue to do so.
The organization is currently firing on all cylinders with The Sims and Apex Legends also showing continuous growth in bookings. The current acquisitions and new games from the pipeline supply this business leader with plenty of catalysts during the upcoming few decades. * And at the moment, they think there are 10 stocks which are better buys.
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