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Sony and Square Enix Stock Fall Dramatically In Wake Of Dragon Quest X Announcement

G4TVLeah
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Posted September 6, 2011 - By Leah Jackson

Sony and Square Enix Stock Fall Dramatically In Wake Of Dragon Quest X Announcement

In wake of the Dragon Quest X announcement this weekend, the price of both Sony and Square Enix's stock has fallen dramatically. In fact, after the announcement Sony's stock dropped to the lowest level of the year. The head of Rakuten Investment Management, according to Andriasang, said "that investors may be concerned that the appearance of DQX on Wii and Wii U could lead to Sony's games business losing customers." Combined with problems in their television business and an overall market slowdown due, Sony's stock has taken quite a tumble.

Square Enix, the developer behind Dragon Quest X, has also seen a dramatic drop in their stock price. At present, their stock is down 11% since the announcement of DQX.

Sony and Square Enix Stock Fall Dramatically In Wake Of Dragon Quest X Announcement

As someone who is a long-time fan of Square Enix games, I'm saddened by the news. I think if Square re-made Final Fantasy 7 in HD, actually released Kingdom Hearts 3, and gave us some promising news on Final Fantasy Versus 13, then maybe they'd be just fine. But with their current upcoming games and now the announcement of a Wii MMO, I just don't think things are looking too good for SE.

Be honest, are you optimistic about Dragon Quest X, the Wii/Wii U MMO, or is this just another step in the wrong direction for Square Enix? 

Source: Andriasang

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Sony and Square Enix Stock Fall Dramatically In Wake Of Dragon Quest X Announcement
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