Can Square Enix Recover $2B Value Drop After 'Final Fantasy 16' Release?
Portfolio Pulse from Franca Quarneti
Square Enix Holdings Co., Ltd. (OTC:SQNXF) has lost nearly $2 billion in value since the release of 'Final Fantasy 16' in June, with shares dropping by almost 30%. Despite initial strong sales, the game's performance has not compensated for previous underperforming titles. The company's new CEO, Takashi Kiryu, plans to focus on big-budget games to improve financial performance.
September 14, 2023 | 6:33 pm
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Square Enix's stock value has dropped significantly following the release of 'Final Fantasy 16'. The company's new strategy focusing on big-budget games may potentially improve its financial performance.
The release of 'Final Fantasy 16' has not met the company's sales targets, leading to a significant drop in stock value. The new CEO's strategy to focus on big-budget games could potentially reverse this trend.
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