Video gaming veteran Electronic Arts (NASDAQ: EA ) laid off 10% of its workforce this week, according to industry-watcher magazine Kotaku. The maker of The Sims, the Battlefield series, and the Madden Football franchise is trying to cost-cut its way out of a dying industry.
In this video, Fool contributor Anders Bylund highlights how far the traditional gaming industry has fallen under a sustained assault from smartphones and tablets. Can the old guard change quickly enough to survive in a totally different era?
While Activision and Microsoft have been taking the headlines when it comes to console gaming, Fools following the gaming sector would do well to also keep tabs on Electronic Arts. We can help. Our new special report breaks down the risks and opportunities facing the company to help you decide if EA is right for your portfolio. Click here to get your copy now.