Pachter: GTAIV to sell 9 million overall, 6 million on 360
Filed under: News
In other news, the sky is blue. But seriously folks, Michael Pachter of Wedbush Morgan has gone on record to say that Grand Theft Auto IV could sell as many as 9 million copies by Halloween 2009 (it just so happens that Take Two's fiscal year ends on October 31). Furthermore, he expects the first 6 million to be sold within the first week of the game's availability. Using arcane mathematical wizardry, Pachter also believes that the game could generate an operating profit of $135 million, thus making it responsible for 103% of Take Two's high end predicted operating profit of $130 million. Yeah, we're confused too.
Anywho, buried in this prediction is another prediction that the Xbox 360 version of GTAIV will sell 6 million copies, leaving 3 million for the PS3. The 6 million estimate is raised concerning the 360 exclusive downloadable content. Pachter doesn't see the DLC as something that's likely to succeed, as it would require a download by 50% of GTAIV owners who are also Live members. Not impossible, but not a sure thing either. Pachter concludes by noting that GTAIV looks like the only bright spot in Take Two's 2008 lineup, saying, "This is clearly a company that is losing market share, and as we review the lineup for the balance of 2008 and 2009, we see more of the same type of games we have seen over the last three years." We guess releasing the same games repeatedly doesn't work for everyone.
[Via Joystiq]
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