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Forums - Gaming - Square-Enix Stock down by 20% after FFXIII 360?

http://n4g.com/events_e32008/News-169708.aspx

"According to Bloomberg, Square-Enix stocks are down 20% after the FFXIII 360 announcement. Is this a typo. How can stock fall that fast. Or is something going on over at Square-Enix Japan as speculated by Kotaku?Note that this is updated once everyday. So it could be talking about yesterday. But Japan is one day ahead of USA?Note that the -20 is not 20 Yen. Bloomberg is american!!"

Any ideas why? Surely going multiplatform will result in increased sales?



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Maybe stock holders suspect Square did this because they're in financial trouble? I really don't know, I know shit about economy.



Yeah, strange, should have the opposite effect, unless them shareholders don't like money. :p



Nintendo Network ID: Cheebee   3DS Code: 2320 - 6113 - 9046

 

Propably because they think square enix has spent so much money on the game that they went multi-platform to cover the costs.. so that's a bad sign in the business.. Big expense & no sign of profit..



 

Face the future.. Gamecenter ID: nikkom_nl (oh no he didn't!!) 

I suspect that the stock probably fell because people assumed this meant that development costs were higher than expected, and the release date means that Square-Enix will have difficulty meeting their sales projections this year.



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Two ideas

1)This is an effect to the struggling SE. Thus, the 360 game
2)It's the Japanese being racist. Seeing FF13 on the PS3 and they see it as a bad thing. Speculation more then anything.



CHANGE TODAY -20.00 -0.64%
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=884137

So it's down 20 Yen or 0.64% (I think)



Haha, wow. I thought it would have the opposite effect.

Quick SE! Announce KH3 for Wii!



Tag - "No trolling on my watch!"

okr said:
CHANGE TODAY -20.00 -0.64%
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=884137

So it's down 20 Yen or 0.64% (I think)

 

 Leave it to the tiger, the walking pumpkin, or the flying monkey to make everyone else understand.



http://www.vgchartz.com/games/userreviewdisp.php?id=261

That is VGChartz LONGEST review. And it's NOT Cute Kitten DS

The Tokyo exchange doesn't even open for another hour.