Activision stock is Down 17% in less than a Month, mainly due to Destiny and weak outlook

[Dunban67]

kappie1977 said:

kowenicki said:

kupomogli said:

So this guy is trying to spin Destiny as a failure by saying the sales have went down week over week? How many games sales haven't went down week over week? 0.01% of them?

If Activision lost money, it's not on Destiny.  They've already stated they've made more back than they put into it.

Can you link me to that.  I find it hard to believe given the nature of the deal with Bungie. 

OT

To be fair the stock is still up 24% in the last year.  Could just be profit taking from slightly nervous investors.

http://www.blackenterprise.com/lifestyle/bungies-destiny-earns-500m-in-first-day-in-stores/

http://www.cnet.com/news/destiny-hits-500-million-in-sales-marking-largest-ever-launch-of-a-new-game-franchise/

And from what I understood, the  $ 500M cost of the game is for 10 years(so for new games, DLC's etc) so in that terms it made them enough money for now.

I think your last point is the reason, that investors just reacted on some news and wanted to sell their stock!

The $500 million number must have been shipped not sold - Activisions website says they sold $325+- million after 5 days