Mobile Gaming Market Surges in 2012 as Traditional Gaming Continues to Decline
(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwire) -- 11/30/12 --
The rising popularity of smartphones and tablets has caused the mobile gaming market to grow at a rapid pace. A recent report from research firm Strategy Analytics has shown that the number of smartphones in use globally topped the 1 billion mark for the first time ever in the third quarter; by 2015 that number is expected to double. Five Star Equities examines the outlook for companies in the Gaming Industry and provides equity research on Activision Blizzard, Inc. (NASDAQ: ATVI) and Majesco Entertainment Co. (NASDAQ: COOL).
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The gaming market is no longer dominated by PC's and consoles. Sales of video-game software, hardware and accessories have declined for 11 consecutive quarters, while sales of mobile games continue to experience growth. According to the Market Intelligence and Consulting Institute (MIC), the mobile gaming market is expected to reach $12.3 billion in sales this year, and increase to $15.2 billion by 2015. Those numbers equate to a combined annual growth rate of 12.3 percent from 2011 to 2015.
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Activision Blizzard is a worldwide online, PC, console, handheld and mobile game publisher. Shares of the company surged earlier this month after reporting that worldwide sales of the newly released Call of Duty: Black Ops II topped $500 million with the first 24 hours of its release. Shares of Activision Blizzard have gained over 6 percent in the past month.
Majesco Entertainment is focused on developing and publishing a wide range of casual and family oriented video games on all leading console and handheld platforms as well as online, social networks and mobile devices. For the third quarter of fiscal 2012 the company reported revenues of $9.1 million, a decline of over 50 percent when compared to the year-ago-quarter.
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