FOX Business’ Robert Gray and Belpointe Asset Management’s David Nelson on the E3 2019 conference and how investors can invest in the video game industry.
The videogame industry was glad to say good riddance to 2019.
The industry wrapped a down year with a fifth straight month of declining sales, suffering a 15 percent drop in December, the key holiday shopping season, according to Seeking Alpha.
December sales fell is $2.98 billion, along with a 19 percent decline in November, according to NPD Group.
GAMESTOP CUTS OUTLOOK AFTER WEAK HOLIDAY SALES, SHARES DROP
The industry saw declines in December as well as the full year across the major metrics: hardware sales, software sales, accessories and game cards.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NTDOY | NINTENDO CO LTD | 48.84 | -0.17 | -0.35% |
| AVTI | AVITAR | 0.0003 | +0.00 | +50.00% |
| EA | ELECTRONIC ARTS INC. | 111.26 | +1.65 | +1.51% |
| TTWO | TAKE TWO | 127.64 | +1.03 | +0.81% |
| SNE | SONY | 72.62 | +1.02 | +1.42% |
| MSFT | MICROSOFT CORP. | 166.17 | +2.99 | +1.83% |
| GME | GAMESTOP CORP | 4.62 | +0.01 | +0.22% |
There could be light at the end of the gaming tunnel as 2019 was the last year before an expected console refresh that could provide a boost.
Among the winners for 2019: The Nintendo Switch was the top hardware platform and Call of Duty: Modern Warfare topped the software chart.
The Call of Duty franchise has led the way for 11 straight years.
