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After refunds, Cyberpunk has still sold 13 million copies and rising

Posted on 12/27/20 at 1:23 pm
Posted by MaroonMonsoon
Canton
Member since Aug 2014
3875 posts
Posted on 12/27/20 at 1:23 pm
LINK

Yeah, I think CD Projekt Red is gonna be fine.

For comparison, that's more than the entire Dead Space franchise (a successful multi release AAA franchise) has sold combined for all it's games.
This post was edited on 12/27/20 at 1:25 pm
Posted by UltimateHog
Thailand
Member since Dec 2011
68540 posts
Posted on 12/27/20 at 2:27 pm to
They estimated 16M though, so it still undersold by millions on their projection which is why their stock has dropped 26% since pre-launch. Went from $120/s to $73.
Posted by CornDogCologne
Mental Defective
Member since Nov 2007
8858 posts
Posted on 12/27/20 at 2:38 pm to
I think the damage to their reputation is the biggest hit. I assumed they were a rising star in the industry. My experiences with Witcher 3 were largely positive and it felt like a polished well developed game.

This mess has made me look at them with far more scrutiny moving forward. This game isn’t bad, but it’s just so so disappointing relative to what I thought I was getting.
Posted by GalvoAg
Galveston TX
Member since Apr 2012
11232 posts
Posted on 12/27/20 at 4:37 pm to
I mean the game is pretty damn fun on PC as long as your rig can handle it. Reminds me a lot of Deus Ex and that’s one of my favorite series on PC.
Posted by Henry Jones Jr
Member since Jun 2011
75901 posts
Posted on 12/27/20 at 4:44 pm to
quote:

They estimated 16M though, so it still undersold by millions on their projection which is why their stock has dropped 26% since pre-launch. Went from $120/s to $73.

Still have turned a huge profit though. And the stock went down because people sold thinking it had peaked. Not because the game had glitches
Posted by topcat88
Member since Nov 2015
4563 posts
Posted on 12/27/20 at 5:42 pm to
I just bought it.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 12/27/20 at 5:51 pm to
quote:

I mean the game is pretty damn fun on PC as long as your rig can handle it. Reminds me a lot of Deus Ex and that’s one of my favorite series on PC.



It's okay, but not currently a game I'd put hundreds of hours into.
Posted by PEEPO
Member since Sep 2020
1820 posts
Posted on 12/27/20 at 6:44 pm to
quote:

I think the damage to their reputation is the biggest hit


Agreed. They were actually one of the few studios with a very strong positive reputation amongst gamers. People would have been more forgiving of a bungled launch had it come about more honestly but it seems 100% obvious they were intentionally lying and actively deceiving everyone about the state of the game, particularly on consoles. That sorta scumbaggery would be shocking even for EA. Nobody is gonna trust a thing they say for awhile. Stupid thing is they 100% knew it would blow up in their faces and still went ahead. Whoever the executives who made that decision are need replacing.

They've already improved things a lot, at least in terms of performance and stability, and I'm sure will continue to do so but even still the reputation grind will be a long slog.
Posted by TankBoys32
Member since Mar 2019
3999 posts
Posted on 12/27/20 at 6:51 pm to
I lucked out and got a PS5 so I'll just wait for the next gen upgrade and the patches to finally play it.
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
49479 posts
Posted on 12/27/20 at 7:29 pm to
I'll eventually get mine after all the smoke clears
Posted by FourThreeForty
Member since May 2013
17290 posts
Posted on 12/27/20 at 7:56 pm to
Animal Crossing did 13 million in 6 weeks on 1 platform.


WEAK.
Posted by Ancient Astronaut
Member since May 2015
37154 posts
Posted on 12/27/20 at 7:58 pm to
I waited 5+ years for this game and it blows donkey balls. I'm sorry but I'm done with them.
Posted by DownSouthCrawfish
Lift every voice and sing
Member since Oct 2011
40640 posts
Posted on 12/27/20 at 8:24 pm to
Yea but it's Animal Crossing.
Posted by UltimateHog
Thailand
Member since Dec 2011
68540 posts
Posted on 12/27/20 at 8:27 pm to
That's not how it works. The stock went down because investors were short 180M dollars in lost sales the company projected.

"It still sold a lot" means nothing.

Also people selling a stock doesn't make it go down.
This post was edited on 12/27/20 at 8:29 pm
Posted by DoUrden
UnderDark
Member since Oct 2011
25985 posts
Posted on 12/27/20 at 10:02 pm to
I refunded and will buy when they fix keybinding, they started the game on hardware 8 years ago, decided to release on a next generation console release. They treated their people like shite, and released a crappy game on consoles. As a result of trying to make it console ready they messed up the pc version.

They make great games, but run a shitty business model.
Posted by sgallo3
Lake Charles
Member since Sep 2008
25346 posts
Posted on 12/28/20 at 3:26 am to
quote:

Also people selling a stock doesn't make it go down


more people selling a stock drives the price down, thats simple supply and demand
Posted by UltimateHog
Thailand
Member since Dec 2011
68540 posts
Posted on 12/28/20 at 3:52 am to
General people don't influence the market like that. If investors started to pull out, sure. Then the common people pull out and it spirals.

But for a stock to drop significantly, the common stock holder can't influence that enough for a huge drop.

Be nice if it were that easy to manipulate the market though.
This post was edited on 12/28/20 at 3:56 am
Posted by Dixie Normus
Earth
Member since Sep 2013
2846 posts
Posted on 12/28/20 at 6:55 am to
I hear what you’re saying, but this:

quote:

General people don’t influence the market like that. If investors started to pull out, sure. Then the common people pull out and it spirals.


Is not true. Yes, few individuals selling does not have effect. However, in a publicly traded company, common people are the investors. If few pull out (<1%) it will have minimal, if any, effect on stock price. On the other hand, if there is a large run of common stock sales (10%<) by shareholders (i.e. from bad press related to a release people had been banking on doing very well and then underperforming) it can certainly devalue stock price based on supply-demand principles.

I have no idea how many average folks are tied up in CDPR, but if it’s mostly common and a good portion of those bailed after CP77 news, it would deflate the stock value.
This post was edited on 12/28/20 at 8:37 am
Posted by imjustafatkid
Alabama
Member since Dec 2011
62834 posts
Posted on 12/28/20 at 7:51 am to
It looks like some investors have filed a lawsuit over Cyberpunk, stating CD Projekt Red misled them about the game. They're seeking other investors to join the suit. They detailed the claims in a press release:

quote:

(1) Cyberpunk 2077 was virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs; (2) as a result, Sony would remove Cyberpunk 2077 from the Playstation store, and Sony, Microsoft and CD Projekt would be forced to offer full refunds for the game; (3) consequently, CD Projekt would suffer reputational and pecuniary harm; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.


LINK
Posted by Dixie Normus
Earth
Member since Sep 2013
2846 posts
Posted on 12/28/20 at 8:35 am to
Assuming the complaint is worded adequately, those allegations would probably survive a motion to dismiss in a fiduciary duty type of lawsuit in the US. Now, they’d have to get some proof that they actively withheld info from the investors in malicious way to ultimately win which is incredibly difficult from an evidentiary standpoint. I also have no idea if Poland’s laws on this would be different because I’m not sure a US investor could use US law unless it’s listed on a public exchange over here.
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