EA share price plummets because of Apex Legends Season 2 say analysts EAFans of Apex Legends have been enjoying the launch of Season 2, but it hasn\u2019t been all good news for publisher EA, as share prices dropped more than 5% in spite of, or perhaps because of, the new season. Players waited a long time for the launch of Season 2 after over a month\u2019s delay, and while it was able to deliver what they wanted, it appears it wasn\u2019t enough to impress investors as EA\u2019s share price dropped to its lowest point in five months. Apex Legends exploded in popularity out of the gate but hasn\u2019t been able to capture that lightning in a bottle since. Twitch viewership is way down In a report by CNBC, it\u2019s suggested that the plummeting Twitch viewership is one reason the share prices have taken a hit. After consistently being around 100,000 concurrent viewers, the game now finds itself at a much more modest 20,000-30,000 viewer count on average. Read More: Fortnite \u2013 but that growth has undoubtedly slowed. However, Michael \u2018shroud\u2018 Grezsiek has been one of the very big streamers that have consistently been streaming Apex since its launch of Season 2. It\u2019s almost guaranteed that Dr Disrespect would\u2019ve spent time on the game if not for his ban from Twitch as a result of his E3 IRL stream. When he makes his return, we\u2019ll have to see if he decides to stream Apex or something else. Player engagement is still going well Analyst Jeff Cohen said EA\u2019s share price dropping like this is \u201cpretty drastic and definitely feels oversold,\u201d according to CNBC. Cohen does say the engagement of Apex Legends on Reddit and the number of Twitch channels streaming the game are still encouraging. Would cross-play help? An investment advisor at Gerber Kawasaki Inc says a move to cross-platform will help Apex Legends bounce back, according to Bloomberg. \u201cA lot of people were expecting this season to kind of blow them out the water,\u201d Nick Licouris, an investment adviser covering video games at Gerber Kawasaki Inc said to Bloomberg.. \u201cI wasn\u2019t too impressed\u201d and EA really needs Apex Legends to be cross-platform in order to take to it to the next level. \u201cThat was one great thing that Fortnite did.\u201d According to Business Insider, the update failed to ease concerns over Apex\u2019s potential to compete with Fortnite. For what it\u2019s worth, Activision and Take-Two, two of EA\u2019s competitors, fell 3.4% and 1.9% respectively so it might not be all on Apex Legends. Stocks fluctuating is no surprise to see and if Apex Legends continues to perform well going forward, we can expect to see the stocks bounce back. –<\/p>\n","protected":false},"excerpt":{"rendered":"
EA share price plummets because of Apex Legends Season 2 say analysts EAFans of Apex Legends have been enjoying the launch of Season 2, but it hasn\u2019t been all good news for publisher EA, as share prices dropped more than 5% in spite of, or perhaps because of, the new season. Players waited a long […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17283","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/17283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=17283"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/17283\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=17283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=17283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=17283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}