Videogame Stock Roundup: E3 Expo Buzz, Sony Sells Over 1M PS VR Headset, Upgrades Outlook

The video-game space is currently abuzz with excitement surrounding this year’s Electronic Entertainment Expo (E3), which kicks off on Jun 13 in Los Angeles. Apart from E3, another big story this past week was Sony Corp selling over 1 million units of Playstation VR Headset.

Recap of the Developments

1. Hosted by Entertainment Software Association (ESA), E3 is an annual video-game industry trade show. E3 2017, a three-day event will officially kick off on Jun 13 at the Los Angeles Convention Center. However, numerous press conferences are lined up prior to the E3, starting with Electronic Arts’ (EA – Free Report) press conference on Jun 10, 2017. It will be the first time in Expo’s 24-year history that the general public will be allowed to attend the fair. Reportedly, over 15K tickets have been sold out so far.

Some of the anticipated announcements at this year’s E3 could include Microsoft’s (MSFT – Free Report)  new hardware (nicknamed Project Scorpio), which is the company’s new upgraded Xbox One console after last year’s offering, Xbox One S. Per media reports, the company could demonstrate the console along with a few new games like a new Halo/ Forza title. We might also get details like price and release date at the E3.

Nintendo (NTDOY – Free Report)  is expected to display new games for its Switch Console, like Super Mario Odyssey, along with a new Pokémon title. Released in March 2017, Switch has had a spectacular start despite a non-traditional release date. The console, priced at $300, combines the functionalities of both conventional consoles and handheld devices. Switch is designed to attract casual gamers who are increasingly using mobile. Nintendo, after staying away from mobile gaming for long, has finally become highly focused on the same. Last year’s smash hit Pokémon Go gave it the much-needed impetus.

Sony Corp (SNE – Free Report) might apparently announce pricing changes for PS4. The company is known for making blockbuster presentation at the expo and this year will be no different, adds media reports. We expect some announcement regarding its virtual reality (VR) efforts. Reportedly, a new Spiderman game along with demos of rebooted games, Days Are Gone and God of War, are likely to be unveiled at the expo.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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