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Electronic Arts (EA -7.7%) is now seeing big losses, as the Street concludes its March quarter...

Electronic Arts (EA -7.7%) is now seeing big losses, as the Street concludes its March quarter warning takes priority over John Riccitiello's resignation. Game developers Activision (ATVI -2%), Take-Two (TTWO -1.8%), Zynga (ZNGA -1.7%), and Glu Mobile (GLUU -6.8%) are also lower, as is retailer GameStop (GME -2.3%). EA's warning comes a few days after NPD provided more downbeat retail sales data for the industry to chew on, as aged consoles and a shift to mobile gaming continue taking a toll. (earlier)
Comments (5)
  • haleiwahu
    , contributor
    Comments (3444) | Send Message
     
    Mobile gaming was in the future, but now is a reality. Those who got on board will realize profits sooner than those who don't. I have a difficult time seeing how ZNGA plans to claim players already dedicated to their existing game providers?
    19 Mar 2013, 12:50 PM Reply Like
  • elsrmp56
    , contributor
    Comments (176) | Send Message
     
    What gaming stocks should benefit from the popularity of mobile gaming?
    Thanks,
    Robert
    19 Mar 2013, 01:14 PM Reply Like
  • Robert Geoghan
    , contributor
    Comments (30) | Send Message
     
    I have a problem with the concept of mobile versus console gaming. I do not see how it's comparable. Playing a game on your phone is a completely different experience to playing a console game on a tv. Saying that mobile is somehow reducing users interest in console is misleading. Console gaming is dying because users are bored with the same type of gaming experience. As soon as the next generation comes along it will boom again. Inversely, I have a feeling it won't be long before users are bored with mobile gaming.
    19 Mar 2013, 03:40 PM Reply Like
  • Northrop Puckett
    , contributor
    Comments (19) | Send Message
     
    I agree generally. Not sure mobile is going away. However, console is a whole different beast. I believe the game play on consoles will keep getting more in-depth and story driven, with better graphics. I believe prices will be able to rise and these games will ALL be downloadable, like they are for Steam, and margins will get better for gaming companies. Just different animals. Anyone that has spent a lot of time gaming (me...) knows the allure of a great console gaming experience.
    19 Mar 2013, 04:01 PM Reply Like
  • Pan Fried
    , contributor
    Comments (3) | Send Message
     
    Well its just an opinion but GLUU is basically already mobile game provider including gambling in the United Kingdom ( England)
    Zinga is aother hoping to cash in on mobile gaming and gambling on line at present they have the most monthly hits then any other game related corportion. They are about to announce a United Kingdom online gambling games as well.
    BYD Boyd has many casino's in different states and will also benefit from their casino's online gambling market when it is in full swing in the states sames as caser's palace etc etc. Hope that helps a little.
    19 Mar 2013, 03:54 PM Reply Like
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