Activision Blizzard's (ATVI, $58.61) mobile gaming to become $1 billion by 2023 - says Jefferies
According to analysts at Jefferies, Activision Blizzard is on track to experience a substantial boost in earnings, amid consumers’ growing engagement in playing games on their smartphones.
Jefferies analysts Alex Giaimo and Ken Rumph indicated that Activision's mobile gaming division is set to become a $1 billion business by 2023, adding 25 cents of incremental revenue.
A survey commissioned by Jefferies reveals that 90% (of the 1,000 smartphone owners polled) play games on their phones, while 41% reported the time spent on mobile games had increased over the past year.
Activision’s 'CoD Mobile' (Call of Duty) already garnered 100 million downloads, or four to five times annual console/PC sales, the analysts wrote. According to the Jefferies analysts, 'CoD Mobile' alone will contribute $300 million in gross bookings and 7 cents a share in earnings in 2020.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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