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Analyst: 'GTA IV' Will Sell Well

sjohnson
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Posted March 28, 2008 - By Stephen Johnson

Okay, where do I send my resume to get a job as a videogame analyst? Surely I could handle the pressure of predicting that Grand Theft Auto IV will sell a lot of copies. Janco Partners' Mike Hickey predicts GTA  IV will sell 5.8 million units in its first week.  Wedbush Morgan Securities analyst Michael Pachter says the game will ship six million in its first week and could sell more than nine million during Take-Two's fiscal year, which ends on October 31.

Also of note: Pachter predicts 360 sales will outstrip PS3 sales two-to-one and that the game will single-gamedly make Take-Two profitable for the year:

"We think that GTA IV will generate around $450 million of the company's expected $1,073 million publishing revenue this year, and will generate an operating profit of around 30%, or $135 million. At the high end of company guidance, Take-Two will generate operating income of around $130 million, meaning that the game is responsible for 103% of overall company operating profit."

Game Daily: GTA IV Could Sell Over 9M This Year, says Pachter

Trailer: Grand Theft Auto IV »


Analyst: 'GTA IV' Will Sell Well
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