One-shot wonder social gaming publisher GungHo Online’s days of outstripping Nintendo in market cap look to be well and truly over – the company’s value has plunged by over a third in mere days, leaving nobody in any doubt as to the permanence of social gaming’s ascendancy.
Even so, the company probably still has a very long way to fall, as it attained almost all of its value in the last few months of its 15 year history:
Japan’s stock markets appear to have been overheated by unrealistic (or premature) expectations of Abenomics and this resulted in a record drop for the entire market, but the collapse of GungHo’s share price began well before this, and tellingly Nintendo was left almost untouched:
Meanwhile, Sony has become a market darling on the news that it has already won the console war for the next generation and likely has years of gleefully crushing Xboxes underfoot ahead of it:
I’d like to personally thank fArtefact for pointing this one out. Easily an overvalued stock. And my clients who made a nice chunk of change late last week on put options thank you too. Dumbass.
no problem. equal trade.
michivieus glee heals… or so i have heard.
Just wait ’till the Kingdom Hearts series is over then you ca burn all you like.
We’re talking about Japan here, Sony already won over Microsoft even before any news about the new generation.
Social games in a nutshell.
Candy crush saga, your up next.