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

pichu_pichu on 14 July 2008

yeah, it is strange.



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whatever on 14 July 2008
HappySqurriel said:

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.

Did we get a release date?

 



FishyJoe on 14 July 2008

I can't access that article, but if description is correct then the author is clueless.

I just looked up the price:

http://www.reuters.com/finance/stocks/overview?symbol=9684.T

It was down 20 yen YESTERDAY. Not 20% today because the market hasn't even opened in Japan yet.



superchunk on 14 July 2008

CLOSE THREAD AS IT IS COMPLETELY WRONG!



Strategyking92 on 14 July 2008

keep it open, please. I can't wait until he is told he is wrong 50 times.



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solracbrit on 14 July 2008
Soriku said:
ClaudeLv250 said:
Haha, wow. I thought it would have the opposite effect.

Quick SE! Announce KH3 for Wii!

 

Stock increase....1000% :)

 

 that was funny...and true at the same time...  XD



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FishyJoe on 14 July 2008

The stock is actually up pretty decently on a weak day in the Japanese market.



Dolla Dolla on 14 July 2008

n4g owned.



Threads of Interest:
The Movie Thread: http://www.vgchartz.com/forum/thread.php?id=6880
The Crow Eating Thread: http://www.vgchartz.com/forum/thread.php?start=0&id=3886
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Custom GIFs Thread: http://www.vgchartz.com/forum/thread.php?id=18963
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fazz on 14 July 2008
Dolla Dolla said:
n4g owned.

Totally, I always knew those guys couldn't be trusted at all.



noslodecoy on 14 July 2008
ferret1603 said:

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?

 

Actually, if you did a search, you'd find this article.  Looks like they had a 3.2 percent gain which was "the biggest advance since May 30".

Edit:  Er... well, as Fishy said, it seems the market just opened over there also.  So I guess that search may not have been valid then.