Respawn's battle royale shooter 'Apex Legends' is currently struggling with a massive loss of player interest after the game initially a rocket launch has been laid down. This is now also affecting EA's share price.
Within the first few days after its release, Apex Legends broke record after record, even surpassing Fortnite in some areas. However, current Google Trends and Twitch data show a drastic decline. Viewer hours on Twitch dropped by roughly three-quarters from February to March 2019, falling to just 10 million. Most of the most successful streamers have also switched to other games.
Success was artificially boosted.
One reason for this is that EA initially paid influencers and streamers to play Apex Legends. However, these players have since returned to other games. Furthermore, players complain about the lack of new content for Apex Legends, while Fortnite, for example, receives a new update every week. Apex Legends players are still waiting for a new map, new Legends, outfits, or weapons. It's also unclear when Respawn will deliver these additions.
This downward trend is now also being viewed critically by investors, who warn against investing heavily in EA stocks at this time. In their opinion, Apex Legends is currently quite overvalued and can no longer live up to the initial hype.
