Sega’s Stock price Skyrockets
If only we could go back in time a few weeks and invest millions into Sega.
If you were about to write Sega off, think again. If you didn’t buy stock in the company over the last few weeks you are going to be kicking yourself when you read this.
We noticed Sega’s share price rise by 16% as rumours surfaced about their shift in strategy. We were happy for Sega, we’ve played so many excellent Sega games over the last 20 years we want the company to do well. But in the last few days since Sega’s announcement became official their stock has risen by a gob-smacking 70%.
Hindsight is a wonderful thing, a wonderfully frustrating, upsetting…(deep sigh). Stock-market types must have been greatly relieved to learn that Sega was leaving the hardware market. This is understandable considering the bad taste left in the mouth by the Mega CD, the 32X, the Nomad (a US only MegaDrive portable) and Saturn. Sega usually takes the lead with technological advances; its arcade divisions are famous worldwide. Sega were the first with many ideas like console on-line gaming and adjustable viewpoints in 3D games. Originality and innovation are two words that are synonymous with Sega, but with the financial implications of so many failures, a tactical withdrawal from the hardware market was Sega’s only option. Now they are poised to become one of the biggest and most successful third party developers. Their new strategy has been dubbed ‘platform agnostic’, and every gamer could benefit from it.
We noticed Sega’s share price rise by 16% as rumours surfaced about their shift in strategy. We were happy for Sega, we’ve played so many excellent Sega games over the last 20 years we want the company to do well. But in the last few days since Sega’s announcement became official their stock has risen by a gob-smacking 70%.
Hindsight is a wonderful thing, a wonderfully frustrating, upsetting…(deep sigh). Stock-market types must have been greatly relieved to learn that Sega was leaving the hardware market. This is understandable considering the bad taste left in the mouth by the Mega CD, the 32X, the Nomad (a US only MegaDrive portable) and Saturn. Sega usually takes the lead with technological advances; its arcade divisions are famous worldwide. Sega were the first with many ideas like console on-line gaming and adjustable viewpoints in 3D games. Originality and innovation are two words that are synonymous with Sega, but with the financial implications of so many failures, a tactical withdrawal from the hardware market was Sega’s only option. Now they are poised to become one of the biggest and most successful third party developers. Their new strategy has been dubbed ‘platform agnostic’, and every gamer could benefit from it.
Companies:
SEGA
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