3 Top Gaming Stocks to Buy in October
The video game market is vast and has blown up in recent years with the introduction of new earning opportunities, including mobile games, microtransactions (in-game purchases), cloud gaming, and more. Video games are an ever-expanding industry that allows companies to profit from constant demand for new titles and upgraded hardware.
Data from Statista says the industry is worth $334 billion and is projected to have a compound annual growth rate of 9% through 2027.
As a result, many of the biggest names in tech have ventured into this consistently growing sector. Even if gaming isn't a company's main business, it can still benefit significantly from the market's reliable growth, and so can investors. Video game stocks are excellent options to hold over many years.
Source Fool.com
