Unity Software -- More Than Gaming -- Is Unity Stock a Buy Now?

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Unity is expanding aggressively into areas outside of gaming. Is it a long-term winner for your portfolio?

Unity Software (NYSE: U) is best known for gaming. It provides tools and software to assist developers in game creation and marketing. In 2019, over 50% of the top 1,000 mobile games were created using Unity. Unity has players in 195 countries, so it's literally a global company. Unity powers billon-dollar mobile games like Pokemon Go and Angry Birds. 

Although Unity is most well known for gaming, its augmented reality (AR) and virtual reality (VR) are why I personally own the stock. Unity is a leader in AR and VR. Many are actually surprised when they dig into Unity because it is actually quite diverse in terms of its offerings and industry segments. To provide insight, here are some of the areas Unity works in outside of gaming:
- Automotive, transportation, and manufacturing
- Film, animation, and cinematics
- Architecture, engineering, and construction
- Government and aerospace
- Legalized bets

Unity partners with companies like Lockheed Martin (NYSE: LMT) to build products virtually with real-time 3D. Lockheed Martin saves millions of dollars leveraging Unity to minimize physical product prototyping and testing since issues can be resolved sooner in the development phase. In fact, the more you dig into Unity’s business, the more real-world business use cases you will discover.

In today’s video, I break down Unity’s recent earnings report, then dive into its business and sectors. Unity’s growth is accelerating outside of gaming, and it is the key to future growth. Please watch this video for more information and my opinions on the stock. $U stock analysis.

#U #unity #unitysoftware #unitystock #growthstocks

Видео Unity Software -- More Than Gaming -- Is Unity Stock a Buy Now? канала Mr. FIRED Up Wealth