Activision announced its outlook for 2015 today, and the guidance is really soft compared to the strong 2014 it just reported. But the company is likely selling itself short.
The headline news is that Call of Duty was the No. 1 selling game in North America in 2014 while Destiny was No. 3 in North America and Europe, but those results are easy to ignore when Activision has so quickly announced hard sales numbers for massive hits like Call of Duty in the past. Some analysts believe that Call of Duty is on a permanent downward trajectory and that Destiny failed to live up to expectations. But Activision is into both franchises for the long term — and both Advanced Warfare and Destiny are showing positive signs that they will continue to find success.

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