Brean Murray Carret & Co has told its investors that there were "creeping concerns" over the MMO Star Wars: The Old Republic, which caused them to sell stock in the company.
Analyst Todd Mitchell stated, "Specifically, initial sales appear to be below expectations, and casual observation of early play is causing us to rethink our churn assumptions,” and that the MMO wouldn't live up to expectations. The stock dropped almost 3% to $17.75 a share.
Despite this, Electronic Arts and BioWare have expressed satisfaction with the MMO. It'll be interesting to see how many subscribers stick with it now that their free month has expired, and they will have to start paying their monthly subscription fees.
Star Wars: The Old Republic was released on the 20th December, and earned a 9.0/10 score in Strategy Informer's .
EA stock drops 3% thanks to The Old Republic worries
20 January 2012 | By JonahFalcon