The announcement of the release date of PS5 brings down the value of GameStop shares

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PS5 brings down the value of GameStop shares

The announcement of the release date of PlayStation 5 was well received by the community but not by some investors, particularly affected was the giant GameStop, which saw the value of its shares fall by 5% in the hours following the declarations of Sony of 8 October.

The company is going through a period of economic crisis and an internal reorganization is currently underway with the aim of saving money and finding new liquidity to continue operating on the market. Financial analyst Daniel Ahmad (also known as ZhugeEX on Twitter ResetERA) reports a decline in the value of shares by 5% for the title of GameStop Corp, a loss linked to PlayStation 5 ads.

Apparently many of the group’s investors expected an early launch of the console while the output at the end of 2020 seems to have thrown more than a few doubts towards the title of GameStop Corp, the company will now be forced to face the next twelve months with no particular ” market shots ” while the launch of new hardware could have given a breath of fresh air to the accounts.

It must be said that Christmas 2020 has always been hypothesized as a launch window for PlayStation 5 and Xbox Scarlett, but it is possible that some big investors would be aiming for an exit scheduled for the end of 2019 or by the summer of next year.