Keep an eye on video game stocks.
Take-Two Interactive (TTWO), Electronic Arts (EA), Activision Blizzard (ATVI) could all push to higher highs this year. All as the gaming boom shows no signs of cooling off.
In fact, after a record setting year for video games, the NPD Group says gamers just spent another record $5.61 billion in March – an 18% jump from $4.75 billion year over year.
Even better, three months into 2021, and video game sales are already up 30% to $14.92 billion from $11.47 billion year over year. Far better, analysts say the gaming industry could be worth $295.6 billion by 2026, up from $162 billion in 2020, according to Mordor Intelligence.
According to Fortune, here are the year’s top selling games to date:
- Call of Duty: Black Ops Cold War
- Monster Hunter: Rise
- Super Mario 3D World
- Marvel’s Spider-Man: Miles Morales
- Mario Kart 8
- Assassin’s Creed: Valhalla
- Animal Crossing: New Horizons
- Super Mario 3D All-Stars
Even more impressive, the gaming community has become massive. Nearly half of the world’s population of 7.7 billion people are gamers, says the Financial Post. Plus, gaming revenue has also already eclipsed box office revenue, generating $138 billion of revenue in 2018 and $151.55 billion in 2019. It hit about $162 billion in 2020.