Sourced from Electronic Arts Inc. One of the world’s largest and most successful video game publishers, EA (Electronic Arts Inc) forecasts a full-year adjusted revenue above estimates projected for it by WallStreet. Experts believe this is because the company has been riding on the broader surge in videogame sales as people shelter at home due to the worldwide pandemic. Reuters reports that videogame sales in the US have surged in the last two months as the country was shut down by COVID-19 – sales in March managed to hit their highest in over a decade. Analysts expect the extended stay-at-home orders to further boost sales and user engagement for videogames across all platforms. Even with successful projections for the rest of the year, EA’s shares went down about 5% in extended trading. ...
