Mmoexp - 5 Reasons Why Electronics Is Buying Glu Mobile
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What is the monetary opportunity?EA estimates that the global marketplace for sports video games is over $11 billion $7 billion on the console and PC, while the market for mobile is around $ 4.3 billion.
What's more, spending sports is growing faster than other match types with mobile sport growing at a compound yearly rate of 24% during the last four years. EA's goal to attain 500 million gamers and audiences shouldn't be sudden. The market for interactive entertainment was growing since day one. New technologies and strategies to play games like cloud-based subscription services and cellular platforms have only enlarged the audience over the previous ten years and will continue to do so.
The business is now firing on all cylinders with The Sims and Apex Legends also showing continuous increase in reservations. The current acquisitions and new games in the pipeline offer this industry leader with loads of catalysts during the next few decades. * And at this time, they believe that there are 10 stocks that are better purchases.
5 Reasons Why Electronics Is Buying Glu Mobile.On the insides of a $1.2 billion deal to purchase U.K.-based Codemasters (declared in late 2020), Electronics is currently setting up one of the top mobile game developers from the world.Here are five charts that illustrate why Electronics is investing $2.1 billion to buy Glu Mobile.
Throughout the last decade, EA utilized acquisitions to build a diversified mobile portfolio, which currently makes up 13 percent of total bookings. It has heaps of mobile names, such as older hits . Zombies alongside cellular versions of EA Sports titles such as FIFA Mobile.
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