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

Sharu

Currently Offline

10,318

1776 posts since 01/06/10

Recent Badges:

First Rung Of The Ladder Earned 10,000 gamrPoints
9 Years Has been a VGChartz member for over 9 years.
Trust Me, It'll Have Legs 100 replies made to user's most popular thread.
It's a Start Bank a Total of 2,000 VG$.
Watch Your Back! Received 10,000 profile views.
15 Years Has been a VGChartz member for over 15 years.

Sharu on 09 October 2014

Mystro-Sama said:

Sharu said:
And Another one bites the dust.
Mark my words, in two years big third partys will fall down or go mobile (maybe with an exception of Rockstar). The fate of Crytek awaits!

Not every AAA company pulls crappy business practises like Activision.

In fact, what AAA are still breathing? EA is shit for years. Crytec dead. THQ - dead. Ubisoft is putting themselves in the corner with their shitty releases. What else is left? WB? Rockstar? 2K? Japan industry is in huge decline, all they do is questionable...

Player2

Currently Offline

13,615

4146 posts since 25/07/12

Recent Badges:

14 Years Has been a VGChartz member for over 14 years.
Escape Artist Managed to avoid being banned for 1 month.
Mighty Heart Logged in on Valentine's Day.
11 Years Has been a VGChartz member for over 11 years.
Site Veteran Has been a VGChartz member for over 5 years.
So You Came Back For More, Huh? Logged in a second time.

Player2 on 09 October 2014

jibbyjackjoe said:

Player2 said:

Plus they don't have a MMO to replace Word of Warcraft because Titan got canned recently after lots of money and work spent.

Pretty sure Titan was Destiny.

Even if it was (a conspiracy theory debate I'm not going to touch) stockholders weren't aware of it, hence adjustments not happening until they knew there wasn't a new MMO coming.

kappie1977

Currently Offline

1,225

208 posts since 05/06/09

Recent Badges:

Leaving Limbo 100 posts on the gamrConnect forums.
So You Came Back For More, Huh? Logged in a second time.
Open For Business Earned 10 badges.
Right Tool for the Right Tool Score a total of 25 games in your collection.
4 Years Has been a VGChartz member for over 4 years.
The Nuts & Bolts Add a total of 25 games to your collection.

Currently Playing:

Sound Shapes (PSV)
Wipeout 2048 (PSV)
Monkey Island: Special Edition Collection (PS3)
Disgaea 3: Absence of Detention (PSV)

kappie1977 on 10 October 2014

Dunban67 said:

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

Could be, but then still $ 325+ is enough for them I should say as the $ 500M investment is for 10 years of Destiny!!

Existing User Log In

New User Registration

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

Recent Badges:

Recent Badges:

Recent Badges:

Currently Playing: