3 Top Gaming Stocks to Buy in October
Due to the sales of Wii and DS consoles of Nintendo the gaming industry remained strong during the 2008 recession.
The same won't necessarily be true if a recession hits again, as prices for games and consoles soared astronomically since then.
Game subscription services, microtransactions, and the booming mobile gaming industry offer multiple ways for game companies to gain revenue outside of new titles and console sales.
Electronic Arts: A sports games titan
Although tech stocks have been hit particularly hard in 2022 as rising inflation has lead to decreases in consumer spending.
Nasdaq-100 Technology Sector
index shed 36% of its value since January, while EA has lost a more moderate 9.4% in the same period.
As one of the most successful game companies,
(NASDAQ: TTWO) is home to the world's most profitable entertainment product
The game launched in 2013, and soon became the fastest entertainment release to hit $1 billion
Later the game earned the title of most financially successful media title in 2018 when its revenue reached $6 billion.
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