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. EA’s new battle royale shooter Apex Legends came out of nowhere, launching last week without the usual hype that comes with EA’s game releases. The game went on to reach 25M total players and 2M concurrent players just this weekend, surpassing Fortnite’s 16-week record by a long mile. FacebookTwitterReddit Related … [Read more...] about Electronic Arts Stock Prices Recover Following Surprise Apex Legends Launch
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In the last couple of weeks, we’ve been posting what seems like an endless list of bad news from gaming companies insofar as their performance in 2018. From Activision-Blizzard and EA to Square-Enix and Take-Two, these companies have taken major stock hits after their results, even good results, are posted – in some cases, even before. 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: … [Read more...] about Leaderboard: Are you concerned about the health of the games market right now?
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. Since last December the stock price has been slowly inching its way back up, breaking $90 by January 10 and holding steadily for the past month. With the announcement that EA would miss its estimated revenue by approximately $140 million, at $1.61 billion for the quarter versus $1.75 billion, shares immediately dropped from $92.52 on February 5 to $79.26 on February 6. EA CEO Andrew Wilson stated acknowledged that EA did not perform as he hoped, owing partially … [Read more...] about EA Stock Capsizes After Early Year Recovery
Electronic Arts just can’t catch a break. It’s been a rough year for Electronic Arts and it appears that the company’s investors are taking notice. In the last year that brought us the PR nightmare, consumer backlash, and subsequently underwhelming sales of Battlefront 2, the PR nightmare, consumer backlash, and subsequently underwhelming pre orders of Battlefield V, a criminal investigation in Belgium over refusal to comply with gambling laws, among other incidences, it looked like the backlash online was pretty much irrelevant as EA’s stock continued to climb. 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. So what’s the deal? Oddly enough, EA isn’t facing much in the way of a financial shortfall. … [Read more...] about EA’s Stock Is Crashing, Down Over 40% Since July
In late 2012, former Wing Commander developer-slash-movie director Chris Roberts emerged from a decade of obscurity to ask for help to fund his vision of a massive, engaging space sim for a modern audience. Fans opened up their wallets and started pouring unprecedented amounts of money into the project, which Roberts called Star Citizen. I don’t have to explain to you the subsequent rise of this $138M+ budget title, the vast expansion of its scope, the debate over its viability, and the fanatical following that fans have for this “under construction” sim. Even if it can’t be Wing Commander in name, gamers reasoned as they plunked down their money, it could be the Wing Commander MMO in spirit. Interestingly enough, there was another, older effort made to bring the well-known franchise to the MMO table back in the late ’90s. A pair of projects, Wing Commander Online and Privateer Online, promised the thrills of the hit space saga with the expanse … [Read more...] about The Game Archaeologist: Wing Commander Online and Privateer Online