This Small-Cap Stock Could Win Big in 2020 [The Motley Fool]
GLU MOBILE (GLUU)
Last glu mobile earnings: 2/5 04:02 pm
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Source: The Motley Fool
With a forgettable 09 now in the rearview mirror, Glu Mobile ( NASDAQ:GLUU one of its games misfired, Glu's failure might seem surprising given that it was coming off a terrific 08 But the upside to investing in small-cap stocks Image Source: Getty Images The mobile gaming opportunity Glu Mobile plies its trade in the fastest-growing segment of the video gaming market. According to Newzoo, the mobile gaming market was on track to jump 9.7% annually in 09 and account for % of the overall market, which reportedly grew 7.% during the year. What's more, global mobile gaming revenue is expected to clock a compound annual growth rate of .% through 0, according to Newzoo's estimates. Now, mobile gaming is an extremely competitive industry. The number of gaming apps available on the Google Play store, for example, increased from around 89,000 at the end of the fourth quarter of 08 to nearly 0,000 by the third quarter last year, according to data collected by Statista. This means that in a spa
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