The Electronic Entertainment Expo, or E3 for short, is just a week away, but why should it interest you?
During E3, leading companies within the technology and entertainment industries compete to reveal upcoming products and services to the public, which typically influence share prices.
As a potential investor, this expo offers an ideal opportunity for you to join in the market and add serious profits to your portfolio!
Lucky for you, I’ve already sifted through these participating corporations and narrowed them down to one particular company whose shares have already risen 113%…
With E3 just around the corner, many companies are already building hype by teasing products that they’re planning to officially announce during the conference.
For example, Nintendo (NTDOY) just advertised a new installment to the Pokémon video game series that’s scheduled to be released later this year.
But how exactly does a video game made for children affect your investment in the company?
Just to give you an idea, Nintendo’s popular smartphone app, Pokémon Go, generated more than $600 million in revenue in just 3 months and has now exceeded 800 million downloads!
Although the active users have somewhat diminished since its initial release in 2016, Pokémon Go seems to be on track for a serious comeback.
The new game in the works supposedly works hand-in-hand with the smartphone version, which has the potential to rebrand the series and drive up sales even more than before.
It’s already happening!
For one thing, share prices shot up more than 5% in less than 24 hours after Nintendo’s announcement.
But even if this number doesn’t strike your fancy, then take a look at where the share prices sat just a year ago. Since the debut of the Switch gaming console, Nintendo’s stock has more than DOUBLED and it isn’t showing signs of slowing down anytime soon.
In fact, analysts are projecting that Nintendo will continue to follow this uptrend and even hit “sky-high” share prices after its scheduled presentation at E3.
Here’s why…
The company recently announced added compatibility with the most popular video game on the market… Fortnite.
If you haven’t heard, Fortnite is changing the gaming industry. It’s an online multiplayer game that currently supports more than 45 million players.
Plus, despite being free to play, it manages to pull in an average of $1 million PER DAY through in-game purchases.
So, why wouldn’t a game with this much attention directly impact Nintendo sales?
Nintendo’s newest video game system has already broken records as the fastest selling console in America.
It’s because video games, such as Pokémon and Fortnite, carry such a high demand that people are willing to purchase an entire console for the experience of a single game.
The company’s act of joining forces with Fortnite creates a win-win scenario that, from an investment standpoint, is bound to lead to profitable outcomes for both Nintendo and its investors.
Take advantage of the EASY money from this single investment!
Even before the debut of E3, Nintendo has already indicated that it’s a healthy stock that’s worth investing in.
With that said, keep your eyes peeled for Nintendo in the week to come and don’t be surprised when its share prices begin to climb up.
