Immediately following the announcement, the company's stock value dropped by around 35 percent—from $54 to $35—amounting to a loss of $1.3 billion in the company's market valuation. Warner admitted that Pac-Mans good sales despite poor quality made Atari overconfident about E.T.
Following the announcement, the company's stock value dropped by 35 percent—from $54 to $35—resulting in a loss of $1.3 billion in market value. Warner admitted that Pac-Man's successful sales despite its poor quality made Atari overconfident about E.T.