There’s no denying 2020 was a big year for video game growth.
In fact, with the pandemic keeping millions of people at home, video game spending in the U.S. totaled $56.9 billion for 2020. That was 27% higher year over year, according to NPD. In December 2020 alone, sales were up to an impressive $7.7 billion.
This year, the industry could see global revenue of $189.3 billion, says Newzoo, adding there could be 2.8 billion gamers worldwide in 2021. Just look at February video game sales to see how explosive gaming has become. “New data from The NPD Group found that sales of games, hardware and accessories hit a record $4.6 billion in February, up 35% from $3.4 billion in the previous-year period,” as reported by Media Play News.
Some of the top video game stocks to consider on that news are. Activision Blizzard (ATVI), Electronic Arts Inc. (EA), and Take-Two Interactive Software Inc. (TTWO).