The news about GTA IV not selling so many consoles? Not so baffling, guys. [1] How many people ACTUALLY buy a pricey console to play ONE game? [2] GTA IV for the PC, anyone? GTA started out on the PC, so why not this version? [3] Can you say "global de/recession? Just how much do these analysts get paid, anyways? Seems like the non-analysts out there (see "Democratic Underground" ) saw this coming, but the "analysts" are completely blind. Sheesh!
Analysts baffled by GTA-hardware disconnect
Industry watchers scratch heads about Rockstar hit's inability to spark Xbox 360 and PS3 system sales.
When Grand Theft Auto IV was released in late April, analysts expected the highly anticipated Xbox 360 and PlayStation 3 game to inspire gamers on the sidelines of the current-generation console wars to jump into the fray and pick up a system. Even though hardware sales from April and May didn't reflect the expected influx of new PS3 and 360 owners, the industry-tracking NPD Group's own analyst is holding out hope for a GTA-driven bump in June's sales "due to gift-giving for Father's Day and graduations."
In notes to investors today, Wedbush Morgan Securities' Michael Pachter said he was again surprised at GTAIV's inability to drive hardware sales. And without new Xbox 360s and PS3s finding their ways into consumers' hands, the game could lose its sales momentum in a hurry.
"Sales were once again led by GTAIV selling 1.3 million units compared with our estimate of 1.7 million units," Pachter said. "This implies a tie ratio of 28 percent, implying potential for tempering demand over the next several months unless the installed base for PS3 and 360 grows faster."
EEDAR analyst Jesse Divnich suggested this week's release of Metal Gear Solid 4: Guns of the Patriots might have an easier time moving hardware than Rockstar's latest.
"This is likely due to the exclusivity factor as exclusive releases on Sony's platforms have historically shown to be a better hardware driver than that of multi-platform releases," Divnich said.
Hot Stories
Newsmakers
-
Xbox One has preowned fee - Report
Microsoft confirms all discs must be installed to HDD to play; secondhand owners required to pay an unspecified fee. Full Story
- Posted May 21, 2013 11:44 am PT
-
Xbox One will launch this year
Microsoft formally announces Xbox 360 successor during media event; will support live TV and Skype; features 500GB hard drive, 8GB RAM, Blu-ray drive; 64-bit architecture. Full Story
- Posted May 21, 2013 10:09 am PT
Featured Stories
-
The Simpsons writer signs on for Angry Birds movie
Emmy-winning writer Jon Vitti, who penned "Mr. Plow" episode of The Simpsons, working on 2016 film based on Rovio's game. Full Story
- Posted May 20, 2013 12:23 pm PT
-
Grand Theft Auto V premium bundles revealed
$150 Collector's Edition includes money bag, snapback hat, blueprint map, artwork, and various in-game items and bonuses; all preorders receive access to pilot atomic blimp vehicle. Full Story
- Posted May 23, 2013 5:44 am PT
-
Atari to sell RollerCoaster Tycoon, Test Drive franchises at auction
Bankrupt publisher hoping to bring in at least $22 million from upcoming asset auctions. Full Story
- Posted May 23, 2013 9:43 am PT
-
38 Studios court case begins
Arguments in legal battle between defunct Amalur developer and Rhode Island presented in court today; state claims it has "avalanche" of evidence against 38 Studios. Full Story
- Posted May 22, 2013 1:51 pm PT
-
Katie Couric acknowledges one-sided violent video games report
Network journalist acknowledges one-sided violent video game report; invitations to Bungie and the Entertainment Software Association were declined. Full Story
- Posted May 20, 2013 10:45 pm PT
Related Game
Grand Theft Auto IV
- Publisher(s): Rockstar Games
- Developer(s): Rockstar North
- Genre: Action
- Release:
- ESRB: M





