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Square Enix Suffers Nearly $2 Billion Loss In Market Value Since The Launch Of Final Fantasy XVI

Final Fantasy XVI publisher Square Enix has seen a massive 30% decline in stock from its peak earlier in the year, with nearly two billion dollars being wiped off the company’s market value in wake of the launch of the critically-acclaimed RPG.

The news comes following Square Enix’s comments that Final Fantasy XVI failed to meet its high expectations, which it blamed on the slow adoption of the PS5.

According to a Bloomberg article, which features input from various anonymous employees and contractors, Square Enix is experiencing issues with the structure of its game development and quality control. Furthermore, Michael Prefontaine, a developer based in Tokyo and avid gamer, commented:

Flooding the market with unfinished, bad or untested games is a bad move. The company has overstretched itself on too many titles without proper oversight.

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Speaking of Final Fantasy XVI, Square Enix recently confirmed that the development team are working on a PC version of the game, as well as DLC.

[Source – VGC]