Think Video Games are recession proof? Think again, as video game related stocks plummet today in the face of the global recession.
This is some bad news people! The stock market as a whole has fallen from around 1400 to 6600(about) in six months. The FDIC announced yesterday that they fear all the bank closures that are to come in the next few months will prevent them from being able to insure bank accounts. Scary stuff indeed.
They'll be alright. I hope.
didn't see that coming. And what do you mean, Stoney, they'll be all right?
Its all part of the plan to bring in the new world order. Things will get bad. The government will keep stepping in. Just watch.
the proof of what you say is all over the news. This terrible crisis will make way for government solutions that once were unacceptable and now because of fear and despair are going to be acceptable. Truth is things are bad and will get worse, how deep the global economy sinks will depend on the radical decisions that will have to be made, and not necessarily for a better future, but for a viable one. Scary stuff, future generations will read about this crisis as we read about the Great Depression - history in the making
The FDIC thing is being under reported. They don't want people to freak out, but you know what is about to hit the fan.
I wonder if the many other recessions that we have faced were all part of the New World Order conspiracy plan.
You have to have the world getting crappier as we approach 2012.
From what I can tell, other than GameStop the sharp drop in the companies are nothing but market movement as usual. Well at least in this turbulent market. A 5% drop or gain for the day means nothing unless it is long term trend. When the Dow can loose more than 5% drop in a day, there is nothing wrong with a company dropping less. Basically, this doesn't mean anything and if anything as a whole the gaming industry dropped less than the Dow.
guess it had to happen
woner whose stock plummeted the worst
well guess ea is going down the choo choo train with square enix . there probaly looking for studios to buy, its like easy pickings for them.
If fans buy games, they stay alive, if not, they are through. I'm sure big dev studios have cash reserves. No wonder the Wii is getting more titles..
companies need to be able to borrow money, without that, its hard to survive.
Those developers need the publishers to sell their games if not they will fail. Specially those small developers with their own unique titles. Game companies aren't really taking risks with original titles because if they fail it will hit them hard with this economy think about it fable 2, resistance 2, bioshock 2, far cry 2, fallout 3, COD WAW, killzone 2, gears of war 2. All sequels or hyped games that have been in production for awhile they are bearly making original IPs all i saw was LBP and Mirror's Edge but that was about it.
Black Friday has nothing to do with stocks. What a stupid title. It's the day after thanksgiving when stores make large profits
They called the monday that the great depression began with Black Monday. Hence the title is making fun of the day after thanksgiving by calling it "the real black friday"
and here is the inheret flaw of stocks why should a company that makes a REAL LIFE profit suffer because some people pulled support away? if i were a game company i wouldn't sell shares in stock at all.
Then you'd never get to grow beyond a small business.
i know what your saying but if a dev company sells millions the money made will take them beyond your so called "small business" world. Either way its better to be a small business company than have a fluctuation in the market take you to the cleaners.
It's a lot more complicated than simply selling shares of stock for people to own a piece of a company. There are major corporate advantages to be publicly traded (sell stock) -If a company tanks, the owners won't lose all their money because they were able to distribute the risks involved with the company to shareholders -a company gains better recognition and become well known on the market -it'll also allow a company to find an approximate price for the total company -with that price, they can sell/merge/acquire such and such -but, the most important part about being publicly traded, is that a company can easily raise money and defer some risks in order to better absorb negative aspects, like if a game doesn't perform as expected.
as Chaos striker said....
Those are most certainly not quotes from the US stock market.
Yea they are the real numbers. Look at MCVUK.com they get their numbers from yahoo finance.
And I see the following numbers: EA +0.02 FUTR -0.25 Gamestop -1.28 Konami -0.03 MS +0.01 Sony -0.26 Disney -0.16
They must have changed sense the article was written. It could have been when the markets opened. I saw another article today on gamestop and vivindi's stock problems. Or you're looking at the daily change and not the weekly.
Even looking at weekly moves does not get you anywhere near those numbers. Example: Sony is up for the week. MS about the same as at the start of the week. Disney is down about 50c. Gamestop is down a lot though.
Looks like Sony dropped the worst, already knew they are weak sauce. Sony dropped more then twice as much as MS, and SE only dropped 0.17 %. It seems SE made a good choice by siding with MS. And sony, they are the losers, again.
You are dumb.
and you sure sound smart.
Stock values are one thing, but actual corporate workforce is another; Microsoft cut far more jobs in regards to all their corporate districts than Sony, which is surely something any company cannot tout about. Now lets see how you can come back and spin this to make Sony look worse. Go ahead and use your special fanboy powers once again.
Most people don't have a clue about what is about to happen in the country. Get out of the cities soon!
Yeah, if society crashes, all hell will break loose in the cities, theres hardly any wildlife in the cities, so the people that live in it have to feed on each other to survive. Thankfully i live close to an area that harbors animals.
People could always come together for the good of each other. In my dreams
Il just start stocking canned food, so i wont have to join those get together where people roast each other.
lol I think you guys read too many conspiracy theories.
You don't read enough conspiracy theories.
This its what i post yesterday here: http://www.n4g.com/gaming/N... 5 - Two simple letters N O Its not happening and its going to be really difficult for sony this summer & xmas. How much the PS3 its going to cost this xmas? How much an X360? With this destined f#ck up Xmas 2009-2010 by the economy crisis which console the casual gamers and parents are going to pick? Yup between the Wii and Xbox360! So even with a GT5 or God of War out there its going to be difficult. Disagree with me all you want today but i am warning you i am going to bookmark this page and i am going to print it before i go to bed to bring it back on December 3 2010 hoping that you can still pay your Internet bill and this b!tches didn't pull out a false flag event by then. So go ahead disagree all you want and bookmark this page. Lets bet b!+ches!. Well i hope i can buy me a PS3 this xmas with Ninja Gaiden Zigma, Gran Turismo 5 and my blu-ray player. Whoever disagree dont be a d#mn coward reply with your name and bookmark this page. I DARE you! To give you an idea how fnck up this economy its, Gold was $700 6 months ago but now(today & this hour) its at $932 that mean that today the Gold cost more to buy it and the dollar its falling like a bird hit by a 50Cal Sniper Rifle. The dollar its losing his value too fast. http://www.kitco.com/charts... @ Traveler down there. I agree with you that the Wii its up on sale. And that gamers go behind where the games are but remember you can't get there without the money thats why microsoft its more concentrated to get multiplatform games in his consoles knowing that the economy its going to limit the sales on PS3 and the clients are going to compare both console with the few bucks in their pockets so guess what PS3 and Xbox360 are going to share the same games (multiplatforms) and the client its going to notice. Also PS3 its going to lose a lot of money and the developer which are developing for them. That's why Merry Linch and others Warn them. While you guys are paying more attention to video games you don't have a sense of how bad this its. And my friend i am on topic. And once again whoever disagree leave your name and bookmark this page. ----------------------------- ------------ And i end up with 22 disagrees and only 8 agrees and they took 1 of my bubbles. Now i guess you guys know why microsoft ignored the blu-ray and gave us 3 sku's. Now you see where Sony and whoever developing for them its going to end up. Developing for the PS3 (cell processor & Blu-Ray) cost a lot of money. Remember the most important thing in a game its that you enjoy the gameplay and that's what microsoft its targeting. @ Foxgod Yes i know they f#ck this up! I can tell you and show you who but i know i am going to end up banned and tracked. But here is a clue to know where you can find reliable info. Its 2 words, join this 2 together info & wars what do you get? go there on the web and laugh all you want but its really happening.
Our Euro isnt doing much better.... But for the rest, 360 4 the win :D
Obama needs to bail out the videogame industry. Free games for all. Uncle Sam will pay for them. Just spend about $25 billion on that Obama. Sounds like a bargain compared to the banks and Wall Street and the car industry.
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