What is the financial opportunity?FIFA Coins estimates the global market for sports video games is over $11 billion $7 billion on console and PC, although the market for mobile is 4.3 billion. For perspective, EA's complete bookings are predicted to reach $6.1 billion in fiscal 2021 (which ends in March), which means the chance to obtain more market share in athletics is a major development opportunity.
What's more, spending on sports is increasing faster than other game types with mobile sport increasing at a compound yearly rate of 24% over the last four years. EA's aim to reach 500 million gamers and viewers shouldn't be surprising. New technology and approaches to play games such as cloud-based subscription providers and cellular platforms have only expanded the audience during the previous decade and will continue to do so.
The organization is currently firing on all cylinders with The Sims and Apex Legends also showing steady increase in bookings. The current acquisitions and new games from the pipeline provide this industry leader with lots of catalysts during the upcoming few decades. * And at this time, they think there are 10 stocks that are better buys.
5 Reasons Electronic Arts Can Be Buying Glu Mobile.On the interiors of a $1.2 billion deal to buy U.K.-based Codemasters (announced in late 2020), Electronics is now scooping up one of the top mobile game developers in the world.Here are five charts that illustrate why Electronics is investing $2.1 billion to purchase cheap FIFA Mobile Coins Glu Mobile.