Softbank Corp. (Japan) (OTCMKTS:SFTBY) Believes Mobile Gaming Business Is On Rise

The reach of gaming technology has been increasing very rapidly. In today’s time, there is hardly any country or city, which is unaware of mobile games. Softbank Corp. (Japan) (OTCMKTS:SFTBY) believes that the enhanced reach of the mobile gaming industry has benefitted it big time. SFTBY thinks that mobile gaming is a long term tailwind, which will take over the entire world in a few years’ time.

Insights On The Matter:

There are hundreds of games that make millions of dollars regularly; one such example is Clash of Clans. According to reports, the game generated as much as $49 million revenues in the last month. The data is of U.S. only, which is a good enough to represent the rate with which the mobile gaming industry is moving further. Due to this extraordinary growth, SFTBY is looking forward to increasing its investment in this industry. A recently published report claim that SFTBY shares a lot more space in the mobile gaming industry than King Digital (NYSE:KING). Revenue will never be a cause to worry if SFTBY can continue to expand its reach in the mobile gaming world. Couple of its subsidiaries named GungHo Entertainment and Supercell have been doing wonderful job in this expansion for a long time. There is no other company that can put any challenge in front of SFTBY as of now.

Experts state that Softbank Corp. (Japan) (OTCMKTS:SFTBY) may not find it easy to buy King Digital in the near future. But still there are various other small and large gaming studios available, which can prove to be beneficial for the company in a long run. The industry is in growing state and has ample opportunities for every company. There are not many companies in the market, which can challenge SFTBY’s leading position; hence, it can look forward to elevating investment in the mobile gaming industry.

Related News

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyrıght 2015 All RIGHTS RESERVED.