After several months of delay, Amazon Games has finally launched New World, its brand new RPG game. Many of Amazon’s other gaming projects were canceled before they even saw the light of day, including a Lord of the Rings-themed game.
Given the disappointments, why should games matter to Amazon stock? (AMZN) – Get the Amazon.com, Inc. Review Investors? The answer does not lie in past mistakes, but in the potential for future success. The pandemic has made games bigger than the movie industry and North American sports combined. Equipped with the right tools (e.g. cash-to-invest, cloud infrastructure and a platform like Twitch), Amazon can become a major player in this area – and many may not even be aware of this possibility.
(Read more from the Amazon Maven: Buy Amazon stock but look past Q4)
Why Amazon is such an important player
The game industry is expected to grow from $ 173 billion in 2020 to $ 314 billion in 2026 …