How 'Apex Legends' and 'Fortnite' are transforming the video game industry

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The games have helped Electronic Arts and GameStop, but hurt Activision-Blizzard.

. The influx of fresh blood fueled a boost in total active players to more than 500 million in the year to March.

He estimated the game drew between 7.5 million and 15 million players simultaneously — five to 10 times the largest number of users on FIFA at any one time. "Apex looks to have had an oversized impact on the quarter despite its short time on the market," Gerrick Johnson, an analyst at BMO Capital Markets, said in a research note."Given that 'Apex Legends' is still a relatively new phenomenon, we believe the guidance for this free-to-play game is on the conservative side."

GameStop's net sales of accessories surged 22% to $957 million last fiscal year. Customers snapped up headsets and controllers, reflecting the"ongoing popularity of battle-royale-genre games like 'Fortnite' and now 'Apex Legends,'" COO Robert Lloyd said on the video-game retailer'sSimilarly, Turtle Beach CEO Juergen Stark described the"Fortnite effect" on the gaming-accessories group's.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Picture Of Success: How Meero Is Transforming The Photography IndustryBy bringing together the largest photographer community in the world, Meero is completely revolutionising the world of photography and will take this market to a whole new level. Meerophoto Meero Booming
Source: Forbes - 🏆 394. / 53 Read more »

Blockchain Technology Can Give Billion Dollar Gaming Industry A Decentralized Leg UpGaming is no longer the past time of children, it is a 100 billion dollar industry and deserves to be taken seriously and potentially taken to the next level with the power of blockchain.
Source: Forbes - 🏆 394. / 53 Read more »