Stocks To Watch In The Gaming Market As Nintendo 3DS Sales Soar
Chris Lau, Kapitall: Gaming stocks are riding the wave of demand for new consoles and games.
Nintendo (NTDOY) is having a moment in the sun. Its shares are trading at a 52 week high, thanks to strong unit sales. But what are some stocks to watch in the gaming market for 2014?
[Read more on gaming from Kapitall: Which Stocks Are Cracking the Chinese Gaming Market?]
Click on the interactive chart to see data over time. Sourced from Zacks Investment Research.
Handheld sales stronger than Wii U
Nintendo set a record for game sales in 2013. The company reported a 45% increase, or 16 million units, in 3DS sales. According to the company’s press release:
- More than 16 million combined packaged and digital Nintendo 3DS games were sold in 2013, an increase of more than 45 percent over 2012’s Nintendo 3DS game sales.
- The Nintendo 3DS family of portable systems, which also includes Nintendo 3DS XL and Nintendo 2DS, has crossed lifetime hardware sales of more than 11.5 million in the United States alone.
Further growth in sales could be supported by more game options. Investors may see Nintendo’s share appreciation hold, since popular game releases would mean additional revenue growth for Nintendo.
Still, there is trouble ahead, as sales for the Wii U remain disappointing.
Alternative investing ideas
Click on the interactive chart below to see data over time. Sourced from Zacks Investment Research.
Hasbro is known best for its Monopoly and Scrabble games. Mattel sells Barbie, Fisher-Price, and Hot Wheels, among others