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DeepNewz, mobile.
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Square Enix, a Japanese game publisher, is making significant changes by dropping console exclusives and focusing on 'Quality Over Quantity.' The company's stock plummeted by 13% due to disappointing sales of recent big-budget games, resulting in a 70% profit drop.
Square Enix stock price plummets after it confirmed a 70% profit drop. Story below: https://t.co/1LstEFSmi5
Shares of Japanese game publisher Square Enix Holdings Co. fell the most in 13 years after its president said sales of recent big-budget games disappointed and that it would take years for a recent reorganization to bear fruit. https://t.co/VrMTddNM7C
1) It's 930am on Tuesday here in Tokyo where trading started 30 min ago. Square Enix stock -13% (!) after the below-consensus quarterly results from yesterday + their Mickey Mouse-level "medium term business plan". Sony stock currently flat following the PlayStation CEO news.
