Ubisoft’s shares have taken a significant plunge following the delay of its eagerly anticipated title Watch_Dogs, with the company’s stock trading down 22 percent to $2.27 as of today, GI.biz reports.
Watch Dogs was expected to be a huge hit with the masses, particularly in relation to the next-generation consoles. Fans of open-world games were sure to pick it up next month along with their brand new hardware. That was until yesterday, when Ubisoft made the announcement to push it back to Spring of 2014 due to the game’s unfinished state.
The delay may come as a disappointment for gamers, but it was just one of numerous reasons for the plunge in Ubisoft’s stock shares. The publisher also pushed its open-world racing game The Crew into the next fiscal year, and revealed that recent releases Rayman Legends and Splinter Cell: Blacklist didn’t manage to meet the publisher’s sales forecast. The sum of these factors was enough for Ubisoft to lower its full-year sales forecast by over €400 million, or nearly 30 percent.
Stay tuned for further updates on Watch_Dogs and other Ubisoft titles.