) recently announced the availability of its new first-person
at retail stores and Origin.com in North America. The game is
available on both Xbox 360 and PlayStation 3 from
will be released in Europe on Feb 22, 2013.
Developed by Crytek,
is the third installment of the Crysis franchise and runs on
CryEngine 3 game engine. The new game features a fascinating
storyline, which brings the main protagonist Prophet back to New
York City, which has been encased in a Nanodome by the CELL
Corporation. Prophet fights the CELL operatives and frees the
city from the clutches of CELL.
offers 12 maps and 8 gameplay modes. One of the new modes is the
hunter, an asymmetrical time-based mode that can be played by
multiple players. The new game also contains New York Feed that
shows the achievements of players and their friends and also
offers tough challenges to complete. This new social mode is an
added attraction of the game.
is the second major action game (in early February EA released
Dead Space 3
) from the stables of EA in calendar year 2013. The game has
garnered strong critical rating and is expected to be a major
hit. We believe that with this game EA will look to provide some
Call of Duty: Black Ops 2
, which topped the January game sales chart, according to data
from NPD group.
We believe that the success of
Dead Space 3
is very much important for EA, as its last released action game
Medal of Honor Warfighter
was a major disappointment. The weak performance of
Medal of Honor
negatively impacted top-line growth, which declined 28% year over
year and missed the Zacks Consensus Estimate in the recently
concluded third quarter.
Moreover, EA's another major action game
is aging and the next installment is reportedly set for an Oct
2013 release. In such a scenario, we believe that the performance
Dead Space 3
will decide EA's fate in the near term.
However, we believe that EA faces a number of headwinds that
include a soft video game industry performance, particularly due
to weakness in retail sales amid an aging console system
lifecycle. Additionally, the huge popularity of free-to-play
games is also cannibalizing the higher priced packaged goods
video games sales, which is a major concern in our view.
Currently, EA has a Zacks Rank #4 (Sell).
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