Hudson Square Research analyst Daniel Ernst estimates videogame sales for the fiscal year will total $28.7 billion, up 13 percent from last year. That’s slightly more than the Hollywood movie business, which is expected to generate $27 billion.
People who love these games will spend the money to get them, explains J.P. Mark, Farmhouse Equity Research President.
And this may be an ideal time to add to your positions. The widely followed E3 or Electronic Entertainment Expo is underway offering investors an early glimpse of what could become the next video game surprise sensation.
So what should you expect?
It seems a wave of fitness games are on the way largely for Nintendo’s popular Wii console sparked by the popularity of Wii Fit.
A new "Rock Band" videogame will give fans a chance to relive the Beatle’s musical triumphs on either Microsoft’s Xbox, Sony’s Playstation 3 or the Wii.
Electronic Arts plans to introduce their latest version of the blockbuster "Sims" as well as fresh installments of acclaimed sports franchise "Fight Night Round 4."
Ubisoft will round out its new offerings with "Red Steel 2," and a refreshed "Rabbids."
Activision will introduce sequels to all of its core franchises including the mega-popular "Tony Hawk" game.
THQ Inc. is generating buzz for its new first-person shooter, "Red Faction: Guerrilla."
*And if none of these tidbits excite you, Fast Money trader Tim Seymour suggestssomething a little more aggressive. He recommends a long position in Giant Interactive as a bullish play on online gaming in China.
E3 Seen Returning To Glitz
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