NEW YORK, NY--(Marketwire -05/07/12)- The Video Game Industry has transformed from one dominated by major consoles to one focused on social and mobile games. Consumers are increasingly less willing to spend upwards of $50 for a console game when they can purchase games on their mobile devices for under $5. Revenues for mobile gaming are expected to skyrocket from $5 billion to $16 billion in 2016 according to ABI research. Five Star Equities examines the outlook for companies in the Multimedia & Graphics Software Industry and provides equity research on Activision Blizzard, Inc. (ATVI - News) and Take-Two Interactive Software, Inc. (TTWO - News).
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The emergence of the mobile game market has had a significant impact on traditional video game sales across the world. According to a report by the NDP Group, an independent market research firm, video game hardware, software, and accessories sales declined $1.1 billion (25 percent) in March when compared to a year earlier. Video game giant, Nintendo, recently reported their first annual loss in over three decades. The company for the fiscal year ending March 31, 2012 saw losses of over $530 million on $8 billion in revenue.
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Activision Blizzard, Inc. is a worldwide online, PC, console, handheld and mobile game publisher with leading market positions across every major category of the rapidly growing interactive entertainment software industry. The company intends to release its first quarter 2012 results after the close of the market on Wednesday, May 9, 2012. In conjunction with this release, Activision Blizzard will host a conference call that will be broadcast over the Internet.
Take-Two Interactive Software is a leading developer, marketer and publisher of interactive entertainment for consumers around the globe. The Company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. Take-Two recently announced that it plans to report financial results for the fourth quarter and fiscal year ended March 31, 2012 after the market close on Tuesday, May 22, 2012.
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