The DFC Dossier was launched in 2007 to provide analysis and insights into the video game industry. The goal was to highlight the nuances behind DFC Intelligence forecasts. Originally the Dossier was delivered as a PDF file with news, company and product profiles, interviews, and forecasts. The Dossier is now online with core articles available on the main Dossier page. DFC analysis of the latest news can be found on the News page. Detailed forecasts for individual companies and stocks can be found on the DFC Intelligence Video Game Stock Index which launched in 2023, as well as the Market Leaders section which has profiles and the latest stock quotes for companies in the video game space.

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Guide to DFC Analysis

Square Enix Stock

Is Square Enix Trying to Do Too Much?

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For 2022, Square Enix (9684.T-JP: Tokyo) (OTC: SQNNY)  stock was down 1%.  This compares with a 30% decline for the DFC Intelligence Video Game Stock Index.  However, among Japanese video game companies, Square Enix was one of the weaker performers.  Overall Japanese video game companies had a strong stock price increase of 15%. The big news from Square Enix has been the sale of Western assets and IP to…..
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EA Stock Price

Electronic Arts Had Strong 2022

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For 2022, Electronic Arts (NASDAQ: EA) was one of the strongest performers in the DFC Intelligence Interactive Entertainment Stock Index.  Of course, 2022 was a down year for most stocks and EA was no exception.  However, the decline in EA’s stock price in 2022 was only 8% versus an average 30% for the index. As DFC reported, Electronic Arts was able to maintain revenue even in the absence of new products rele…..
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Nintendo Live Service Game

Could New Nintendo System Leapfrog PlayStation 5?

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The Nintendo Switch is arguably the most successful video game system ever. At least for Nintendo, if not for major third-party publishers. Of course, nothing lasts forever and inevitably Nintendo will need to release a new system. Given current market conditions, a major question is will a new Nintendo console with a strong online component for live service games make the PlayStation 5 obsolete? Switch In Downcycle Switch sales hit records in both 2020 and 2021. Nevertheless,…..
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Nintendo Revenue

Nintendo Switch Sales Forecast Lowered

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For the first half of fiscal 2023 that ended 9/30/22, Nintendo reported Switch hardware sales down from 8.3 million units in the previous year period to 6.7 million.  In addition, forecasts for the year were lowered from 21 million Switch units to 19 million units. Analysis Despite the decline in hardware unit sales, Nintendo reported an increase in revenue.  This was largely due to favorable exchange rates with a strong U.S. dollar compared to the Japanese yen.  Neverthele…..
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Can Microsoft Control PC Game Distribution?

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PC game sales soared in 2020 driven by Covid stay-at-home orders. Sales leveled off in 2021 and the latest DFC forecasts predict a slight decline in 2022. However, at $37 billion a year the PC game business is as strong as ever and is the most lucrative platform for a wide range of products. With the potential Microsoft acquisition of Activision Blizzard, a major question is whether there will be a shakeup in PC software di…..
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Microsoft Acquisition of Activision Blizzard Should Be Approved

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Going into the last part of 2022 it is looking like the Microsoft acquisition of Activision Blizzard (ATVI) will be approved. Microsoft has successfully framed the deal as a means of improving its competitive position in the PC game and console game spaces, an area where Microsoft has struggled against Valve and Sony. However, becoming more competitive in the video game business is not the primary consideration driving the acquisition. The reality is that acquiring ATVI is not about Mi…..
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