While investors in Poland’s largest and most successful games studio showed early nerves at the beginning of trading on Friday after the announcement when the much-hyped April launch of Cyberpunk, the gaming press response was very understanding.
“We are currently at a stage where the game is complete and playable, but there’s still work to be done,” CD projekt board member Michał Nowakowski announced to its followers during a conference call on Thursday. Investors who had bought into the launch of the game in April, and faithfully pre-purchased the game, which boasts a character played by Keanu Reeves, will be somewhat dismayed.
However, the general feeling among the gaming press is that putting back the launch in order to perfect the game will have a positive effect rather than a negative one.
“Cue that Miyamoto quote about delayed games,” PC World games reporter Hayden Dingman, wrote, referring to the sage words of Nintendo games guru Shigeru Miyamoto when he put the Nintendo 64 launch back by 3 months: "A delayed game is eventually good, but a rushed game is forever bad."
“Many Polish gamers know many examples of games which were less than perfect, which the developers had to patch up after the launch, “ Bankier wrote.
The Cyberpunk delay, it appears, is only one of several much awaited games this year whose launch has been put back, according to PC world. Watch Dogs Legion and Bloodlines 2 will also come out on September 17, while Baldur’s Gate III’s producers have not given any announcements recently.
Investors, however, reacted with a plunge of nearly 47.80 PLN (EUR 11.30) to a minimum of PLN 243.00 (EUR 57.40) in the company’s trading value at the beginning of trading on Friday before recovering to be around 5.6 percent down at the end of the day.
This is because the stock market investors are used to companies keeping promises like launch dates and may be concerned about how that will affect their bottom line for the year end results, on which shareholder dividends depend. Nevertheless, Jeffries analyst Ken Rumph believes CD Projekt will still meet its target of selling 24.5 million copies this year.
Even with today’s losses, the company’s share price has increased by just under 70 percent over the past 12 months and has been notching up some remarkable scalps along the way. In the autumn it was reported that the developer’s shares were worth more that copper giant KGHM, which employs 40,000 people. In December its market value surpassed Pekao SA, Poland's second-largest bank.