Report: Grand Theft Auto IV sold few consoles
- June 09, 2008 07:50 AM PST
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Grand Theft Auto IV had no effect on hardware sales in May, two analyst firms revealed today.
Despite record-breaking sales and levels of hype never before seen for a video game launch, Grand Theft Auto IV had no discernible effect on PlayStation 3 and Xbox 360 hardware sales for the month of May.
The ominous news was delivered by two separate analysts firms, Lazard Capital Markets and Wedbush Morgan Securities, as part of their monthly NPD preview report.
"We do not believe the recent release of GTA IV has generated meaningful incremental demand for the Xbox 360 or PS3 platforms," said Colin Sebastian of Lazard Capital Markets.
Analyst Micheal Pachter added that further price cuts could do more than GTA IV to boost console sales.
"Next generation console unit sales are running well ahead of the level in the analogous period of 2003 (when console prices averaged under USD 200), implying room for significant sales growth as price cuts are implemented," Pachter explained.
The news does not bode well for Sony, whose executives have continually flaunted Metal Gear Solid 4 as a "killer application" for the PS3. Killer applications, by definition, are software titles that sell more systems.
UPDATE: Changed to less facetious headline and image.
What's interesting is that Rockstar couldn't care less if GTAIV sells consoles; that's Microsoft's and Sony's problem. GTAIV made it's millions with or without being a killer app. The news (if accurate) is surprising, however.
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- Jun 09 2008 at 07:32:45:AM PST
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What? Are you kidding me? The 360 and Ps3 was supposed to KILL the Wii. What happened? Tell me Wii haters?
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Just like this game didnt make a difference, Metal Gear Solid 4 wont make a difference. The so called console war is OVER. The Wii has won.
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LLSMOOTH Posted at: 06/09/08 at 7:35 AM PST Just like this game didnt make a difference, Metal Gear Solid 4 wont make a difference. The so called console war is OVER. The Wii has won.. your right..the wii won*sarcasm* what will be your next slogan?
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thats because everyone wants the 80 gb PS3 .....nobody want the 360 its crap...80gb out sold in 4 hour on amazom.com and 24 hour on gamestop online only becuse they force people to buy the head set
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