Did Square Enix become another victim of "go woke, get broke?" The beleaguered Japanese RPG publisher took another massive hit to their stock this quarter, even after ditching platform exclusivity. Maybe gamers are withholding their wallets after debacles like censorship in Final Fantasy VII Remake and the Dragon Quest III Remake, or Forspoken... like ALL of it?
Square Enix’s focus on "AAA Western-style games" and "wokeness" is alienating their core gaming audience and causing them to "bleed money" for years.
The company’s decision to censor characters from the 30-year-old Dragon Quest series signals to gamers that the game will be "edited and woke".
Square Enix’s stock plummeted 10% on November 11, 2024, losing $350 million in market value due to declining operating profit and premium game sales.
The Final Fantasy 7 Remake trilogy (2020-2023) exemplifies Square Enix’s misguided focus on Western-style games over their traditional Japanese RPG roots.
Square Enix’s Q3 2024 financial report revealed a 27% year-on-year operating profit decline, prompting investors to sell off stock.
The company’s decision to sell off Crystal Dynamics and shut down the Tomb Raider and Marvel divisions is seen as a huge blow and sign of decline.
Square Enix is facing a significant decline due to financial struggles, alienation of gamers, and a misguided shift in content strategy, leading to a loss of investor confidence and market value.
00:00 Square Enix’s decline continues as it alienates gamers, struggles financially, and attempts to pivot too late after years of missteps.
01:15 Square Enix’s stock is crashing due to declining AAA studios and a shift towards indie games, leading to a reassessment of their content strategy.
03:36 Square Enix’s stock plummeted over 10% after a Q3 report showed a 27% drop in operating profit, raising concerns about its reliance on remakes and neglect of gameplay and storytelling.
06:15 Square Enix’s stock dropped 10% amid mixed financial results and declining game sales, losing $350 million in market cap since November.
08:14 Square Enix’s stock is crashing as investor confidence wanes over poor Final Fantasy 16 sales and a shift towards Western AAA games.
10:08 Square Enix’s focus on wokeness and neglect of gamer preferences is causing a decline in sales and alienating American audiences, while indie games thrive by meeting actual demands.
14:21 Square Enix must focus on releasing more high-quality, engaging games without excessive budgets or lengthy development times to avoid business decline.
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