Earlier in the week we reported that over one million players have ceased playing World of Warcraft in the past year. Subscriber numbers currently sit around the 10.3 million mark, down from the 12 million players it had in October 2010.
Following such news, Activision’s share price has dropped nearly seven per cent. Last night the company’s share price closed at $13.01 in New York, the lowest it has been since Februrary 2011.
Despite the drop, Activision announced a third-quarter profit of $148 million. With the release of Modern Warfare 3 this past Tuesday, I don’t think anyone should be worrying about Activision’s financial stability just yet.
Read our Modern Warfare 3 review.
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