Sony’s PlayStation 5 Is Good News for Activision and Take-Two
Activision Blizzard had a difficult week. The game publisher was at the center of controversy after it suspended a top e-sports player for expressing his support of the Hong Kong protesters.
Activision (ticker: ATVI), of course, isn’t alone in dealing with increasingly complex geopolitics. The National Basketball Association and Apple (AAPL) were also tripped up by the Hong Kong situation during the past week, with an NBA executive tweeting support for the Hong Kong protesters and Apple pulling an app that was used by them.
Despite it all, Apple shares still closed at an all-time high on Friday, while Activision was only off 1.1% for the week. The NBA still played its scheduled game in Shanghai between the Los Angeles Lakers and the Brooklyn Nets.
Ultimately, Activision’s China p ...