Why I Am Buying Activision Right Now
In this video I share my thoughts on why I bought Activision (NASDAQ: ATVI) and why I believe mobile gaming will play a big role in the company's future as well as that of its competitors (Electronic Arts, Take-Two Interactive, Ubisoft, and Nintendo). The gaming market will surpass $200 billion by 2023, according to Newzoo.
For those who are unfamiliar, Activision is the gaming company known for games such as Call of Duty, World of Warcraft, and Overwatch, and in 2016 it acquired King (the makers of Candy Crush). Call of Duty is the third-highest-grossing video game franchise ever.
The hype around these games is bigger than ever. Last week Twitch streamer Nickmercs had 400,000 viewers two days in a row watching his Warzone stream.
Source Fool.com
