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Square Enix will lose more than $2 billion in market value due to game Final Fantasy 16

Toyo Securities analyst Hideki Yasuda previously stated that the game “Final Fantasy 16” was commercially unfavorable to Square Enix. It was once reported that due to the high development cost of the game “Final Fantasy 16”, sales are not ideal, so Square Enix’s current situation is not optimistic.

Bloomberg also published an article yesterday about Square Enix’s current downturn. The article pointed out that anonymous employees and contractors said the company’s structure and game quality control problems were severe.

In addition, the quality of Square Enix’s previous games such as “Forspoken” and “Godland Chronicles” is not satisfactory. It is said that “this is excessive business expansion without proper supervision”, and Square Enix has given Producers too much control over projects also contributes to this problem.


▲ Picture source “Final Fantasy 16” game poster

The company’s highly anticipated masterpiece “Final Fantasy 16” was the highest point of Square Enix’s stock price this year before the game was released in June. As of Wednesday’s closing, it has fallen to the lowest level since May 2022. Bloomberg estimates that Square Enix will Due to this work, the market value has shrunk by nearly 2 billion US dollars.

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James Lopez
James Lopezhttps://www.techgoing.com
James Lopez joined Techgoing as Senior News Editor in 2022. He's been a tech blogger since before the word was invented, and will never log off.

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