Activision Will Get a Boost From Record Video Game Sales [The Motley Fool]
Activision Blizzard, Inc (ATVI)
Last activision blizzard, inc earnings: 2/6 04:05 pm
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Source: The Motley Fool
Video game sales soared in March 00 and are expected to remain strong as millions of people observe stay-at-home orders amid the coronavirus pandemic.Spending on video game software, hardware, and other accessories reached $.6 billion in March, up % year over year, according to data from the NPD Group. This was the largest amount of video game spending in March since 008, when sales hit $.8 billion. Hardware and software sales increased 6% and %, respectively, last month.One company that will benefit from the surge in gaming and related revenue isActivision Blizzard(NASDAQ:ATVICall of Duty: Modern Warfareprovided a business updateCall of Duty: WarzoneImage Source: Activision.com.The entertainment of choice for people all over the worldAs people practiced social distancing in the U.S. in late March, many of them turned to video games for both entertainment and socializing. From its survey of ,000 gamers in the U.S., Germany, France, and the U.K.,NielsenIn the company's fourth-quarter e
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