Microsoft, Nintendo and Ubisoft Prepare for Virtual Gaming Showcase E3 2021: Bloomberg

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The industry met with huge success being the only form of entertainment during the pandemic. Revenue from video games jumped 20% in 2020 to nearly $180 billion, based on IDC. Microsoft Corp (NASDAQ: MSFT) will launch the latest Xbox console, including updates on Halo Infinite. Nintendo Co Ltd (OTC: NTDOF) (OTC: NTDOY) will showcase Switch portable gaming device titles in 2021.

Event Details: Ubisoft will kick off E3 on Saturday. It changed the name of a planned upcoming game called Rainbow Six Quarantine to Rainbow Six Extraction. Nintendo will showcase on June 15. It plans to launch Switch’s upgraded version this fall based on Bloomberg. Fans expect Metroid and The Legend of Zelda sequels.

Microsoft could elaborate on the upcoming games from Bethesda, including the sci-fi role-playing game Starfield scheduled for a late 2022 release. Square Enix Holdings Co Ltd (OTC: SQNNY) (OTC: SQQNXF) will showcase a new game based on Marvel’s Guardians of the Galaxy comic book franchise.

Fans expect updates on titles like Psychonauts 2 coming to its Xbox Game Pass subscription service. It marks Microsoft’s first showcase since the video game publisher Bethesda Softworks parent ZeniMax Media Inc’s acquisition. Microsoft will hold its yearly Xbox showcase on Sunday. It will be focused on Halo Infinite that was due for launch in Nov. 2020.

Story continues Take-Two Interactive Software Inc (NASDAQ: TTWO) will launch a new spinoff game in the Borderlands universe. Publishers like Capcom Co Ltd (OTC: CCOEF) (OTC: CCOEY) and Bandai Namco Entertainment Inc are also geared up for their launches.

See more from Benzinga Price action: MSFT shares traded higher by 0.80% at $255.60 on the last check Thursday. Sony Group Corp (NYSE: SONY), Electronic Arts Inc (NASDAQ: EA), and Activision Blizzard Inc (NASDAQ: ATVI) do not participate in the event. EA will hold its show in July. Summer Games Fest will kick off on Thursday.

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