July 7, 2022

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News Of COVID-19 Vaccine Causes Nintendo, Ubisoft And Activision Share Prices To Drop

Nintendo Switch© Nintendo Life

2020 has been a pig of a year, thanks mostly to the ongoing COVID-19 pandemic which has forced much of the world into lockdown and claimed the lives of over a million people.

However, there is light at the end of the tunnel following the news that pharmaceutical companies Pfizer and BioNTech have come up with a vaccine which is 90% effective in treating the virus. Some are optimistically predicting that the world could even start returning to normality as early as spring 2021, which is fantastic news.

Of course, one side effect of a pandemic which forces millions to remain indoors is that people have had more time to play video games, and that’s had a positive impact on the commercial fortunes of multiple companies, including Nintendo.

So the news that the enforced lockdown is coming to an end was predictably met with a rather negative reaction on the stock market, as share prices for Nintendo, Take-Two Interactive, Ubisoft, Activision and even fitness firm Pelaton and video calling company Zoom all took a slight dive.

It’s worth noting that almost all of these companies have seen their share value stabilise since the drop, but the reason for the wobble is pretty plain to see – the world is about to get back to normal, and that means that indoor pursuits like video games are going to see a drop-off in terms of sales.