Similarly, Microsoft Corporation (NASDAQ:MSFT) is expected to release its successor to the Xbox 360, although not as much is known about it yet as the PlayStation 4. For those interested in all of the details, Microsoft has scheduled a launch event on May 21, where it will unveil the new Xbox officially. The unofficial name is the Xbox 720, although the actual name may be completely different. Regardless of the actual specs, I would expect a plethora of games to enter development as soon as the official particulars are announced, which should benefit both the developers and Microsoft Corporation (NASDAQ:MSFT) itself.
Buy, sell, or wait and see?
Even after the recent gains, I think that Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is still fairly valued. Analysts expect forward earnings of $2.25 per share, meaning that the stock trades for just 6.9 times FY14’s earnings. As you can see from the chart above, sustained performance is far from certain, but this one might be worth taking a chance on.
As of now, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has not announced any titles currently under development for the new PlayStation, and it may be a good time to get in before all of the pre-holiday season hoopla of the new consoles really kicks in.
The article This Should Be a Great Year for Video Games! originally appeared on Fool.com and is written by Matthew Frankel.
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