EA noted disappointing financials in this week’s third-quarter earnings report, due in part to disappointing sales from Battlefield V. In the wake of that news, the company’s stock dropped over 14%. But since Wednesday’s low, the stock has risen 16% - back to its original position and a little bit past that. You can thank the Apex Legends player count for that. Investor’s have caught wind of the game’s early success, and as noted by Seeking Alpha, it’s been reaching milestones faster than Fortnite battle royale did. Of course, it’s a different world for battle royale in 2019, but the speed with which Apex Legends reached 10 million players is still impressive. In fact, the new share price - $95.20 as of this post - is the best the stock has seen since October 2018, just before the Battlefield V launch. EA’s financial year concludes on March 31, but the company said in its earning call that it does “not model material net bookings for Apex Legends” in the last quarter of the year.
from PCGamesN http://bit.ly/2WNOOJq
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