Game News

EA Responds to Sudden Stock Price Plunge

October 13, 2010   ·   0 Comments

Medal of Honor

Following the release of Medal of Honor reviews across the Internet yesterday (including our own, which scored it a very respectable B), the price of Electronic Arts stock saw a pretty significant dip. The reviews generally weren’t as high as the hype may have suggested they would be, and that response led to a $ 1.05 drop (6%) in share prices yesterday to $ 16.61. Today, it’s dropped a bit even further to $ 16.54 as of 11:36AM EDT.

That’s certainly not the sort of response EA could have hoped to have coincide with the release of their newly relaunched shooter franchise. But, as you’d expect, the mega-publisher has released a statement trying to spin the situation in a positive fashion.

“The game had the highest pre-orders in the 11-year history of the Medal of Honor franchise,” the statement (via the LA Times) read in part, perhaps trying to suggest that sales figures will be much better than the reviews would lead you to believe. Unfortunately, we can’t count on the NPD to provide us with any sales figures next month now that it’s doing away with hardware and software numbers from its monthly reports.



Readers Comments (0)

You must be logged in to post a comment.