SQUARE ENIX MARKET VALUE DROPS BY 2 BILLION DOLLARS SINCE FINAL FANTASY 16’S LAUNCH
Square Enix’s market worth is down substantially since the publication of Final Fantasy 16 and resulted in the loss of more than 2 billion dollars to this Japanese publisher.
The peak was reached this year at when FFXVI’s much-anticipated debut, the company’s price has been declining steadily throughout the time since. The current value is the lowest level since May 2022.
While it was widely appreciated by the critics, Final Fantasy XVI reportedly did not meet Square Enix’s expectations for sales. However, the company did admit that its PlayStation 5 exclusive status alongside the claims of slow adoption of Sony’s newest console been a factor in this.
The PC release help boost Final Fantasy XVI performance?
According to Video Games Chronicle the main franchise of the studio isn’t making an impact that is significant enough for the company behind it.
The possibility of a computer version is believed as being in development however it’s hard to put only on FFXVI’s financial performance.
“Flooding on the marketplace with unfinished, poor or not tested games is a dangerous decision,” Tokyo-based developer and gamer Michael Prefontaine said, speaking to Bloomberg and talking about releases like Marvel’s Avengers, Forspoken and The DioField Chronicle. “The firm has stretched its resources on too many games with no control.”
Others like Harvestella and Various Daylife also saw a unpopular reception at launch and could be a contributing factor to the company’s financial troubles.
The article mentioned above states that the producers are in complete control over the nature and direction of their projects. They are also not properly documented and lack the structure of teams.