A new report shows that Square Enix’s stock price has fallen in 2023. Since Final Fantasy 16 came out, it’s dropped nearly $2 billion.
Square Enix It is known for launching such important sagas as Final Fantasy or Dragon Quest, names that have been and remain symbols of the video game industry. However, despite the release of Final Fantasy 16, the company is not going through the best moment.
While neighbors like Capcom are still breaking sales and profit records, Square Enix’s woes are beginning to reverberate across the sector. Why does this happen? A recent Bloomberg report offers more details.
First of all, you need to understand this This drop in share price is due to Final Fantasy 16, its performance and Forspoken issues from Luminous Productions, a company that was shut down by Square Enix itself.
Despite some criticism, Final Fantasy 16 has been enjoyed by many fans and, in fact, the game has sold “well”, a prominent US analyst said not long ago. So what’s going on?
Square Enix, Final Fantasy 16 and their stock price
Bloomberg and its sources attribute the decline to the company’s approach to each of its projects. approximately, Square Enix strives to ensure that each game has one producer who is in full control of it.
The problem, it has been reported, is that the goals of each project can change overnight, which can affect the development of the games. this leads to a drop in the quality of new offersas was said with Prophesied.
The article claims that new CEO Takashi Kiru has already identified a clear path to improve Square Enix’s profitability. This is done in order to reduce the development of smaller projects and games focus on big budget AAA release.
What do you think of this address? We’ll have to wait to find out about the company’s plans and which games are included. Final Fantasy XVI sold 3 million copies in one week, but fans have long debated whether or not this is a success given the numbers of past games in the series.
Meanwhile, in other news, Final Fantasy XVI update 1.10 is now available. Feel free to check back for patch notes, the announcement of two DLCs, and news about the PC version.
