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What happened in the industry 2-3 years ago. Stocks have surged from that time period on.
Cryomatrix
Member EpicPosts: 3,223
EA = stock went from approximately 60 to 120
Tencent = stock went from approximately 20 to 60
Activision-Blizzard = stock went from approximately 25 to 70
Capcom = stock went from approximately 20 to 35
bandai - namco = stock went from approximately 20 to 35
nintendo = stock went from approximately 20 to 55
microsoft = stock went from approximately 40 to 95
Sony = stock went from approximately 25 to 50
Take-two interactive = stock went from approximately 30 to 120
That was from 3 years ago. Anyone know why that jump happened. They say the rise of mobile games. Which is probably true and thus I should have predicted a few years ago, but oh well.
Cryomatrix
disclaimer: These are the few i've looked up, i'm sure there are many more, I just haven't been able to find them
Tencent = stock went from approximately 20 to 60
Activision-Blizzard = stock went from approximately 25 to 70
Capcom = stock went from approximately 20 to 35
bandai - namco = stock went from approximately 20 to 35
nintendo = stock went from approximately 20 to 55
microsoft = stock went from approximately 40 to 95
Sony = stock went from approximately 25 to 50
Take-two interactive = stock went from approximately 30 to 120
That was from 3 years ago. Anyone know why that jump happened. They say the rise of mobile games. Which is probably true and thus I should have predicted a few years ago, but oh well.
Cryomatrix
disclaimer: These are the few i've looked up, i'm sure there are many more, I just haven't been able to find them
Catch me streaming at twitch.tv/cryomatrix
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Comments
EA I think are save by Fifa lootbox, Sony was doing bad until a younger ceo step in. Ninento I heard got a boost during pokemon go.
I think basically they made some game or product which sell, some are indeed from mobile. I think you are trying to find a universal answer, but it is more a mix factor.
Freakin Eagles.
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Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
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Not a good thing .. it is a GREAT thing. Don't people want innovations and new things? What can be more innovative and newer than abandoning MMOs and do something completely different?
However overall spending and streaming becoming far more popular has driven the numbers up.
You will see all the streamers being sent free copies to endorse the games and most are just crap games but it still works to entice the onlookers/stream supporters.
I look at Steam and also notice a trend,every single day or two a new 1-2 games get featured and it is those games that get marketed and streamed and lots of sales follow even though again,usually really bad games.
So what is a concurrent theme happening here......popularity,whatever is popular in streams or the mobile market is what sells a lot.
Oh yet one more impact>>>>Esports and their sponsors have gone way up the past few years,tons of people getting into it that call gaming their new job.
So one more theme here,nothing is about game quality,popularity,mobile and Esports is driving the market not quality.
Never forget 3 mile Island and never trust a government official or company spokesman.
I don't think it is so much the gaming industry that got a boost as the stock market in general. The economy have been doing pretty fine for a while now, I make parts for trucks myself and we have been swamped with work lately as well.
When the economy is going fine people do spend more money on entertainment which certainly helps the gaming companies. Just look on the companies stocks from 2007-2009 and see how the economical crash did a number on them, suddenly people lost their jobs or where worried to loose them, then they rather save money then spend them on games.
There's a lot of negativity about it from certain sectors, but it seems smart to me.
Inflation will eventually hit when the economy actually picks up (which seems to be happening). That means the rates they are paying on their bond issues will be a deal for them, compared to other newly issued offers. In short, they get cheaper cash, and less payouts in dividends.
And when a company buys back stocks, they almost always go up just because of that.
I can't find anything specific to this, and I'm not spending much time on it.
But their "cash on hand" has gone from $1.411 billion in June of 2013 to $4.884 billion in Dec. of 2017.
That tends to make me think this is the primary reason their stock has gone up, like many other corporations.
https://ycharts.com/companies/EA/cash_on_hand
Once upon a time....
Want to bet on it?
I doubt, even if govts are going to regulate loot boxes, they will take back the billions these companies have already made.
In fact, it is smart for them to rake in as much as possible before the govt steps in. This reminds me of the daily fantasy sports controversies. If they can't even shut down Fan Duel & Draft King, why do you think EA will suffer?