While yesterday’s news of a vaccine to defeat COVID-19 is a stunning result, many video game companies have seen their share prices drop sharply, apparently as a direct result of the news.
The news of the Pfizer / BioNTech vaccine with apparent effectiveness of 90% began to spread around 2 pm yesterday. ICO Partners CEO Thomas Bidaux then noted that, at about the same time, the shares of CD Projekt (Cyberpunk 2077) and Ubisoft (Assassin’s Creed, Watch Dogs) had dropped dramatically from previous levels.
The same goes for Take-Two, Unity, EA, and Activision Blizzard.
A COVID-19 vaccine is announced having good results.
Game companies stock drops. pic.twitter.com/YlyNhZPO2r
— Thomas Bidaux 🌠 -Working From Home 🏡-😷 (@icotom) November 9, 2020
It’s no secret that video game companies have managed to weather the COVID-19 pandemic well. With people stuck at home, sales of subscriptions, hardware, software, and games have soared in recent months.
The continued development of vaccines and the return to more normal life around the world will undoubtedly have an effect on the use of video games by users, but there is also the possibility that the enormous spread of games in recent months will see a long-term benefit to the industry.
What do you think?