Unity software (NYSE: U) is best known for games. It provides tools and software to help developers create and market games. In 2019, more than 50% of the top 1,000 mobile games were created with Unity. Unity has players in 195 countries, so it’s literally a global company. Unity boosts mobile games by a billion euros Pokémon Go i Angry birds.
But augmented reality (RA) and virtual reality (VR) are why I own stocks. In fact, Unity is quite diverse in terms of its offerings and industry segments, and is a leader in RA and VR. Here are some other areas that Unity works outside of games:
- Automotive, transport and manufacturing
- Cinema, animation and cinema
- Architecture, engineering and construction
- Government and aerospace
Unity partners with companies such as Lockheed Martin (NYSE: LMT) to create virtually real-time 3D products. Lockheed Martin saves millions of dollars by taking advantage of Unity to minimize testing and prototyping physical products, as this way problems can be resolved before the development phase. In fact, the deeper you go into Unity’s business, the more commercial use cases you will discover.
In today’s video, we break down Unity’s recent revenue report, and then delve into its businesses and sectors. Unity’s growth is accelerating outside of games, and that is the key to its future growth. Watch the video below for more information and my opinions on the material.
* The stock prices used in the following video occurred during the trading day of August 17, 2021. The video was released on August 17, 2021.
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John Mackey, CEO of Whole Foods Market, a subsidiary of Amazon, is a board member of The Motley Fool. Eric Cuka owns shares in Amazon, Lockheed Martin, Palantir Technologies Inc. and Unity Software Inc. and has the following options: during the month of August 2021, $ 40 is requested from Palantir Technologies Inc. , and Unity Software Inc. The Motley Fool recommends Lockheed Martin and recommends the following options: long calls from January 2022 to $ 1,920 to Amazon and short calls from January 2022 to $ 1,940 to Amazon. The Motley Fool has a disclosure policy. Eric is affiliated with The Motley Fool and may be compensated for promoting his services. If you decide to subscribe through their link, you will earn extra money supported by your channel. His views remain his and are unaffected by The Motley Fool.
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