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USA Today said it all in a sub-headline of a recent article on mobile gaming companies that projected that worldwide revenues could top $100 billion by 2021. They opined one of the major reasons for this anticipated growth in mobile gaming revenues is the collateral rise in use of smartphones worldwide.
USA Today said: “Smartphones are gold mines for game publishers.” Mobile gaming grows as smartphone sales rise and vice versa! The article continued: “The global mobile gaming market could grow from $56 billion in revenue in 2017 to $106.4 billion in 2021, according to a recent report by Newzoo and Arm. That would represent 59 percent of the entire video game market by 2021, compared with 46 percent last year. With 577.9 million mobile gamers, China is the largest mobile gaming market in the world. But the growth of China’s gaming market could be throttled by tighter regulations over game approvals and play time limits for minors.
Active tech and gaming stocks in news today include: Tapinator, Inc., Activision Blizzard, Inc. , Nintendo Co., Ltd., Glu Mobile Inc., Electronic Arts Inc. .
Newzoo also expects more demanding mobile games to boost sales of high-end smartphones. As of June, the market researcher reports, there were 1 billion “high-end active smartphones globally,” an increase of 76 percent year over year.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Worldwide Mobile Gaming Revenue Could Top 0 Billion By 2021
