All of this came to a head in July when EA announced that Battlefield V would be delayed, and EA’s stock began to tumble. From a peak of around $148, the stock now sits at $85.84 just five months later and continues to gradually fall. EA’s stock stood at $112 on November 14, 2017. … [Read more...] about EA’s Stock Is Crashing, Down Over 40% Since July
Ea games stock
Electronic Arts closed on February 6, 2019 at the price of $80.21 USD following news that the publisher’s third quarter fiscal results did not perform to its expectations. The continued price drop threatens to wipe out the progress that EA had made in the first month of the year to begin recovery after its stock dropped to a low of $74.72 on December 24, 2018 following ten years of sustained growth that saw its stock peak at nearly $150 in July 2017 before steadily shedding much of that value over the following six months. … [Read more...] about EA Stock Capsizes After Early Year Recovery
Electronic Arts acquired the studio in 1992 after Origin suffered a severe financial crisis. The studio stayed afloat, and a few years later EA gave Origin the go-ahead to develop one of the first big MMOs: Ultima Online. After seeing the strong reaction and rabid following by the gaming community, EA decreed that online gaming would be the focus of Origin from there on out. It made a certain sense to build an MMO off of a hit franchise, so if Ultima Online could launch off of the Ultima games, why couldn’t Wing Commander do the same? … [Read more...] about The Game Archaeologist: Wing Commander Online and Privateer Online
In fact, GIbiz just penned a piece summing up the state of the industry and seeking a reason behind the tumble. Fortnite, Rob Fahey writes, might account for some of the financial results at studios that are not Epic Games, but certainly not all (he even points out that investors had the same panic about World of Warcraft once, but that in end, “WoW’s success grew the industry rather than eating everyone else’s lunch, and Fortnite is likely to do much the same”). It doesn’t account for the stock drops for platforms like Sony and Nintendo, though, where Fortnite is actually being played. Let’s be blunt: Fahey argues there’s a “certain derangement around games as a sector, which vastly magnifies risk and overreacts to bad news,” irrespective of ebbs and flows in the market beyond games. … [Read more...] about Leaderboard: Are you concerned about the health of the games market right now?
Electronic Arts’ stock prices dropped a whopping 18% last week following the release of the company’s less than stellar Q3 financial report. According to VG 24/7, the stock price drop was EA’s lowest in over decade. The company's stock prices, however, seem to have recovered in the wake of Apex Legend’s surprise release and is now doing better than it was before the drop. … [Read more...] about Electronic Arts Stock Prices Recover Following Surprise Apex Legends Launch