June Gaming Insights: Industry Updates and Market Movements
It’s June, and we’re giving you an update on what are probably the most important, recent stories in gaming. Beyond controversy, these are game industry insights to help you anticipate what big things could be happening next in the world of gaming.
PlayStation: State of Play
PlayStation had their State of Play broadcast, showing off new games to come to the console. Several notable game trailers were showcased, like God of War: Ragnarok (PC edition). God of War: Ragnarok will reportedly need a PlayStation Network account even when being played on PC, which also apparently means that the game will be unavailable in at least 177 countries that don’t have access to the PSN services. They also showcased more of the PvP game Marvel Rivals, made by the Chinese company NetEase Games. PlayStation also revealed a similar PvP “Overwatch-style” game called Concord, to mixed reviews, among many other games. You can check out the full lineup here
Ubisoft: Forward
It’ll be interesting to see how they address their plans for the future lineup of games, especially since it seems that Ubisoft is often criticized by players for a variety of reasons. Their newly teased game Assassin’s Creed: Shadows, featuring a black samurai in Japan, has also been the subject of criticism. I’m sure we’ll finally see gameplay. It’s safe to say we’ll also probably get some larger messaging from Ubisoft about the vision of their company, what their mission is in the future for gaming, and other corporate talk because Ubisoft does have a profoundly influential hand in trends within the gaming industry, and they’ve played a key role in how so many experience modern gaming today; from game design to monetization. We’ll likely get more information about XDefiant, an arcade shooter out now that has conjured somewhat justified comparisons to the Call of Duty series.
Xbox Game Showcase
Also, Call of Duty: Black Ops 6 will be revealed on June 9 after the Xbox Games Showcase. The live-action trailer features look-alikes for George H.W. Bush, Bill Clinton, Margaret Thatcher, and Saddam Hussein…it’s interesting. A new DOOM game is supposed to be revealed as well, called “Doom: The Dark Ages,” following a critically acclaimed Doom: Eternal (2020).
Toys for Bob
The developers behind the remake of the Crash Bandicoot and Spyro Trilogies have announced they are now independent from Activision and are currently working on their new game to be published via Xbox. Many people are excited for their new release since they did so well with the two classic IPs, Crash and Spyro.
Top Selling Games of April
Summer Game Fest will be happening on June 7; we’ll see what’s the next hype in gaming.
The Market:
GameStop Corp ($GME) — 5 Day Change: +34.91%
Keith Gill, known as Roaring Kitty on Reddit, posted a screenshot indicating he holds 5 million shares and 120,000 call options in GameStop, valued at $115.7 million. Gill’s reappearance and portfolio post sparked a significant surge in GameStop’s stock price, with shares jumping 30% and briefly pausing trading due to volatility. This follows a previous rally in May triggered by Gill’s social media activity. source
TAKE-TWO INTERACTIVE SOFTWARE ($TTWO) — 5 Day Change +4.70%
Advisory Services Network LLC invested $458,000 in Take-Two Interactive by purchasing 2,844 shares. Other major investors also increased their stakes significantly. source
NVIDIA Corp ($NVDA) — 5 Day Change +3.16%
NVIDIA’s CEO Jensen Huang highlighted how AI and faster computing are changing industries. He introduced new advanced computer chips and a high-speed network system, showing NVIDIA’s focus on yearly tech improvements and eco-friendly solutions.
