Electronic Arts and Respawn Entertainment have reversed their decision to remove the option to purchase Apex Legends’ Season 22 battle pass with Apex Coins after facing significant backlash from players. Following a wave of negative reviews and criticism, the companies have reintroduced the previous pricing structure, allowing players to buy the battle pass for 950 Apex Coins.
Electronic Arts has announced a surprise crossover event for Battlefield 2042 featuring the beloved Dead Space franchise. From July 9-16, players can experience a limited-time PvE extraction mode called ‘Outbreak’, battling Necromorph enemies and trying to escape. The event will also likely offer Dead Space-themed cosmetics, potentially including Isaac Clarke’s iconic armor.
Despite challenges faced by the gaming industry, Oppenheimer remains optimistic about Electronic Arts’ prospects, maintaining its Outperform rating and $150.00 price target. While acknowledging recent underperformance of ‘Apex Legends’ and moderating fiscal year 2025 forecasts, the firm suggests potential catalysts in the latter half of 2024 that could make Electronic Arts an attractive investment compared to its peer Take-Two Interactive. Oppenheimer’s analysis points to the company’s strong market position, portfolio of popular gaming franchises, and strategic positioning as key factors driving its positive outlook.
