Apex Legends which developed by Electronics Arts got off to a great start with 1o million payers signing up within 3 days. Apex Legends will be EA’s direct competitor to Epic Games’ heavily popular Fortnite. EA Inc’s share went 16 percent up after this announcement.
This is great news for EA as its stock was found in troubled waters after recent announcement that it had lowered its yearly revenue projections because of the lower than expected sales of ‘Battlefield V’. This announcement had sent EA Inc’s stock crashing 18 percent. As per MarketWatch – Electronic Arts Inc. stock plunged to its worst decline in more than a decade Wednesday, after the video game maker missed holiday-season sales estimates and lowered its forecast.
Apex Legends is a free-to-play Battle Royale style competitive shooter game that drops a set number of players on a battleground. These players scavenge for weapons, ammunition, equipment, and loot while battling with players. Over the course of the game, the players are pushed closer and closer until a team wins.