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Xbox Series S Has Gone From No-Brainer To No Thank You

Xbox Series S Has Gone From No-Brainer To No Thank You https://ift.tt/fvG6q2x Just a couple of years ago, the Xbox Series S felt like a great holiday gift idea. I was able to pick up a console for $250 during Black Friday and introduce my brother to this generation of console gaming. He just had to buy a Game Pass for Console subscription, and he suddenly had access to a big library of current-gen games and all of Xbox’s first-party titles the day they released. Sure, games didn’t run quite as well on the slightly less powerful console, but it was good enough for a casual gamer like him. Following the price hikes announced today by Microsoft , the Xbox Series S no longer feels like such a good deal. While it’s still the cheapest way into current-gen gaming, the entire Xbox ecosystem has been price gouged to the point where the Xbox Series S no longer has a clear or appealing platform identity. When Microsoft first ...

CD Projekt Red Reports Major Profit And Revenue Growth Year-On-Year

CD Projekt Red Reports Major Profit And Revenue Growth Year-On-Year https://ift.tt/cVfCq5w

CD Projekt Red has released its earnings report for 2022, and it's looking good for the Witcher and Cyberpunk 2077 developer. The company boasted a 66% increase in net profit, driven by an increase in revenue, and a decrease in CDPR's overall operating costs.

The Polish company reported a revenue of 953 million PLN ($222 million USD) in 2022, up from 888 million PLN ($207 million USD) the previous year, and a net profit of 347 million PLN ($81 million USD), up from 209 million PLN ($49 million USD) in 2021. Despite the upwards trend, CDPR hasn't managed to hit the same level of success it saw in 2020, when Cyberpunk 2077's release caused a massive revenue spike that took its yearly profit to a massive 1.15 billion PLN ($268 million USD).

In its profit and loss breakdown, CDPR showed a 7% increase in revenue year-on-year, a modest figure that's nevertheless impressive two years after the company's last major game release. Despite its rough launch, Cyberpunk 2077 has seen solid sales after CDPR committed to fixing the game's initial issues and adding extra content, with the success of Netflix's Edgerunners anime giving it an extra boost in late 2022.

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