Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: That Glu Mobile, in particular, is moving so quickly to support Android TV is no surprise. Games have played an integral role in supporting Google Play's recent jaw-dropping growth, with more than 100 million new Google Play Games accounts opened during the last six months alone. As a result, Google announced at its annual developer conference earlier this week that Google Play Games would serve as one of the core pieces of Android TV.
This news is great for developers like Glu Mobile. Android TV represents a chance to expand its mobile ambitions to millions of living rooms around the world.
Now what: I'm still skeptical of the economics behind developers in the free-to-play game space, so I'm content to continue to watch Glu Mobile from the sidelines. But given its freshly expanded scope, I certainly can't blame the market for bidding up shares of Glu Mobile today. If Google's Android TV gains any sort of meaningful traction from here, it could be just what Glu Mobile needs to achieve sustained profitability over the long run.
Warren Buffett: This new technology is a "real threat"
In the meantime, though, I think there are plenty of other great opportunities for enterprising tech investors to put their money to work. For example, at the recent Berkshire Hathaway annual meeting, Warren Buffett admitted this emerging technology is threatening his biggest cash cow. While Buffett shakes in his billionaire boots, only a few investors are embracing this new market, which experts say will be worth more than $2 trillion. Find out how you can cash in on this technology before the crowd catches on, by jumping into one company that could get you the biggest piece of the action. Click here to access a FREE investor alert on the company we're calling the "brains behind" the technology.