Pacific Crest‘s Evan Wilson today cut his rating on shares of video game maker Electronic Arts (EA) to Sector Perform from Outperform, writing that he questions the company’s “competence” after cutting estimates for the game “Medal of Honor” and for the company’s digital online games.
Wilson writes, “This year we liked EA as a hated name, in a hated space with all-time low valuation. Unfortunately, we now think the consensus got this one right.
“In the past year, EA has sustained three unimaginably disappointing events that have crushed our confidence in its ability to develop hit games.”
In particular, Wilson cites the newest edition of Medal, which is “comprehensively bad,” the failure to drive subscriptions for “Star Wars,” and the failure to make any progress with “NBA Live.”
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Good news. That giant piece of shit is ruining great games by adding their shitty experiences. Maybe they'll cut all this DLC and Origin crap and release games without the hassle. Either that or die to allow better publishers to release top games.