Chris Lau, Kapitall: Gaming stocks are riding the wave of demand for new consoles and games. Nintendo (OTC:NTDOY) is having a moment in the sun. Its shares are trading at a 52 week high, thanks to strong unit sales. But what are some stocks to watch in the gaming market for 2014? [Read more on gaming from Kapitall: Which Stocks Are Cracking the Chinese Gaming Market?] Click on the interactive chart to see data over time. Sourced from Zacks Investment Research. Handheld sales stronger than Wii U Nintendo set a record for game sales in 2013. The company reported a 45% increase, or 16 million units, in 3DS sales. According to the company’s press release:
- More than 16 million combined packaged and digital Nintendo 3DS games were sold in 2013, an increase of more than 45 percent over 2012’s Nintendo 3DS game sales.
- The Nintendo 3DS family of portable systems, which also includes Nintendo 3DS XL and Nintendo 2DS, has crossed lifetime hardware sales of more than 11.5 million in the United States alone.
Xbox maker Microsoft’s (MSFT) valuation is even lower, trading at a forward P/E of just 13. The new Xbox One console was released just in time for the holidays, and sales reached 3 million units before the end of 2013.Bottom line Investors considering adding a position in the gaming market have a variety of choices. Demand continues to be strong for consoles, handhelds, and game titles, so stocks involved in any of these areas would merit a spot on an investor’s watch list. (Written by Chris Lau, a Kapitall contributor. All data sourced from Zacks Investment Research.)