Activision (NASDAQ: ATVI) has long been a recommended stock by Stocks on Wall Street due to their strong lineup of games which always resulted in even stronger sales numbers. Well just like we all expected Activision hit a home run once again with the launch of the newest Call of Duty: Modern Warfare 3. Over 1.5 million diehard gamers lined up outside over 13,000 stores to buy a copy of the game at midnight. Quite a turnout and now analysts expect sales to be even more than the high expectations we originally set forth.
It's expected that over 18 million copies could be sold before the start of the calendar year. Call of Duty: Black Ops currently holds the current record for it's five-day opening sales revenue record of $650 million worldwide. Well we expect MW3 to crush these numbers, Amazon said it generated 32% more pre-orders than Black Ops and the turnout at stores has been significantly greater so far.
With the holiday season coming up we expect strong sales for Activision going forward boding well for shares and the company's long-term outlook. We believe ATVI is a strong buy, tune in this week for a more detail stock report on ATVI. Below is a trailer of Call of Duty: Modern Warfare 3, if you haven't bought it yet, we recommend you do!
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.