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Things are rough for Electronic Arts at the moment. Following the low sales of Dragon Age: The Veilguard and even a perennial best-seller in EA Sports FC 25 (formerly FIFA), EA’s stock value has taken a serious tumble. The company announced that it would be lowering its sales expectations and subsequently saw a drop in value of 19 percent per share. That’s the lowest EA’s stock price has been since 1999.
It marks the continued downward trajectory that the video game industry has been locked in for over a year. Studios closing, workers being laid off, and seemingly no end in sight. What’s worse, with the failure of games like Veilguard, fans continue to be perplexed by the decline in quality of series and IPs with considerable pedigree and history behind them. Whatever the root of the problem is needs to be figured out and corrected soon before more closure and layoffs come to the industry.
Source: CNBC
