After a game flops, EA loses 3 billion dollars in market value in the span of a day

After a game flops, EA loses 3 billion dollars in market value in the span of a day ...

The stock prices of corporations such as Sony, Microsoft, or Nintendo usually react depending on how profitable they are and how optimistic they are about their future.

FIFA 23's popularity fails to persuade investors, according to EA.

Investors are unconcerned about the successes of the last quarter of the 2022/2023 financial year in EA. Logically, companies strive to paint as clear a picture as possible in their reports. Accordingly, EA announced that FIFA 23 is on track to become the most successful installment in the soccer franchise.

Even a name as FIFA can't hide the fact that Electronic Arts has suffered a few setbacks in the last two calendar years. Sales fell by one percent to USD 7,146 billion.

Due to the postponement of Star Wars Jedi: Survivor to Friday, April 28, 2023, a promising first-person shooter project like Titanfall 2 was recently canceled.

Mobile titles are falling and are being phased out by EA.

Two mobile titles will likely be phased out, but Battlefield Mobile and Apex Legends Mobile were intended to compete with free-to-play games like Call of Duty: Warzone.

PC games enthusiasts are also a fan.

If you like gripping shooters, there are certain masterpieces that one should have studied in school. This classic from EA is one of them.

Dead Space is set to be released in the near future. Steam customers will get a very special treat for pre-ordering.

The two Android and iOS games should open up EA's multi-billion dollar Asian market. That obviously went wrong. In a single day, Electronic Arts' market value fell by $3 billion. The publisher's stock price has stabilized, but EA is now worth almost nine percent less than at the beginning of the year.

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