Square Enix stocks continue to drop after to their lowest point since May 2022.
Part of the reason according to company president Takashi Kiryu, is that Final Fantasy XVI “failed to meet the high end of the company’s expectations.” Kiryu goes on to blame the “slow adoption of the PS5” as a potential reason for the game’s lackluster sales.
Square Enix has experienced a drop in income despite reportedly record sales, possibly due to the scope of their projects. Despite this, the company is allegedly doubling down on producing more “AAA” titles.
Currently the company appears to be diversifying the platforms their games will appear on. Recently, Final Fantasy XIV (including the award-winning Heavensward expansion!) will be coming to Xbox consoles; Square Enix has also promised to better support their fans who play on Xbox.
Final Fantasy XVI is available now on PS5, and will probably be coming to PC if they want to fix their sales numbers. You can check out our review here!