Activision Blizzard Delivers at BlizzCon With New Game Announcements

The annual BlizzCon event in Anaheim has reached a new level of importance for Activision Blizzard (NASDAQ: ATVI), not only for gamers but also for investors. At BlizzCon 2018, Blizzard announced a mobile version based on one of its beloved franchises. Diablo Immortal was met with a negative reaction from hardcore Blizzard fans who were looking for something a little more substantial than a casual mobile title. Investors perceived that the company was losing touch with its player base, and the stock lost a third of its value between November and December last year.

This year's BlizzCon gave fans what they have been craving for a long time. Blizzard not only announced Diablo 4 coming to PC, PlayStation4, and Xbox One, but also Overwatch 2, a sequel to the best-selling team-based multiplayer shooter. Also, and not surprisingly, a new World of Warcraft expansion is scheduled for release next year.

It's a solid reversal from the lack of compelling new announcements a year ago. More importantly, investors can breathe a huge sigh of relief that they likely won't be watching the stock price plunge again this year.

Source Fool.com