There is no doubt that the gaming industry is about to take over the world. The video gaming industry is one of the fastest growing industries today, thanks to the vast growth of its consumer market globally. For the skeptics, a market research report from Newzoo suggests that the global gaming market will be worth $99.6 billion in 2016. That’s up 8.4 percent compared to the last year. Get ready for another shocker. Newzoo’s research report also suggests that 2016 could very well be the first year that mobile gaming may overtake PC and console, with the mobile gaming market to make $36.9 billion in 2016, up 21.3 percent from 2015. When “Pokémon Go” was released, even the keenest optimist couldn’t have foreseen the hype that would ensue. Since then, millions of people have been chasing virtual Pokémon throughout the real world adding to the increasing number of mobile gamers. In no time the augmented reality game became an instant global hit phenomenon adding to Wall Street’s positive sentiments on the mobile gaming industry.
Nintendo (OTCMKTS:NTDOY) hit a home run with the success of its blockbuster Wii console. However, since then, both the hardware and software sales have been declining significantly for NTDOY over the past few years. With the release of “Pokémon Go”, the Japanese company made a strong comeback with stock prices nearly doubling and closing at its highest level since June 2010. The company's stock is still up 63% year-to-date providing a great return on investment for NTDOY investors.
Another notable company that’s shaping up the mobile gaming industry is NetEase Inc (ADR) (NASDAQ:NTES). NTES issued its second quarter earnings report on Wednesday, reporting a total of $1.35 billion in net revenue with online gaming revenue accounting for $968.80 million. Advertising revenue accounted for $79.90 million; and Other Services revenue had contributed $298.40 million. For the period, the company had a gross profit of $794.50 million. Meanwhile, expenses came in at $335.90 million.
A small cap company that needs mention is SPYR, Inc (OTCMKTS:SPYR). Earlier this month, SPYR revealed that it had entered into a publishing agreement with Kemojo Studios. As a result, SPYR now has the rights to publish the upcoming title, Drone Wars, this fall. Drone Wars is just part of the company’s plans of expanding and strengthening its product portfolio. Pocket Starships is another mobile game in SPYR’s portfolio that is worthy of significant attention from the mobile gaming community. With the release of Drone Wars, SPYR will certainly seek to further bolster its position in the growing mobile gaming industry. As a new player, it is important for the company to take advantage of potential opportunities that will solidify and make its brand reputable and SPYR seems to be right on track.
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