Video game play during the coronavirus pandemic is already at a fever pitch, and Microsoft (NASDAQ: MSFT) looks like it wants to raise temperatures even further. It just unveiled a raft of new game titles that will be available for its next-gen Xbox Series X console scheduled to be released later this year.
There were 20 new games in all, and the showcase follows Sony's (NYSE: SNE) release several weeks ago of over two dozen titles for its upcoming PlayStation 5 system.
Amping up the anticipation
Market researcher NPD Group said recently sales of video game hardware, software, accessories, and game cards surged 26% to $1.2 billion in June, the single biggest amount recorded for June since 2009.
While hardware sales fell 17% in anticipation of the new consoles coming out, dollar sales of game titles jumped 49% to $570 million compared to last year, and is the highest total for the month since the $598 million achieved in 2010.
That bodes well for Microsoft, which is leading its new video game lineup with the latest installment in its Halo franchise, Halo Infinite. It will be available on the Xbox One, Xbox Series X, and Windows.
Master Chief wasn't the only one getting a sequel, as Microsoft also unveiled the follow-up to Fable, which hasn't been revisited since it appeared on the original Xbox. Other games getting new installments include Psychonauts 2, Outerworlds: Peril on Gorgon, Stalker 2, and Warhammer 40K: Darktide, among others. There were also a number of new games appearing.
All of the new titles will be available on Xbox Game Pass, Microsoft's video game subscription service.
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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Microsoft and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy.
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