Apple Stock Prediction: Why Apple Is Preparing Its Entry In Video Games
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
APPL Stock Forecast
Summary:
- Apple is apparently still very interested to make its Apple TV a go-to console for home video gaming.
- Apple recently updated its trademark for Apple TV with a focus on video games and new video game technology.
- This is understandable. The global software/hardware revenue from video games is estimated to reach $165-to-$170 billion in 2018. It could hit $230 billion by 2022.
- Apple’s trademarking act hints it wants to sell its own video games-related peripherals for Apple TV. It might also license its own video games technology to third-party developers.
- I’m a firm believer in the huge opportunities present in the fast-growing video games industry. AAPL, therefore, is a buy.