Posted Jun 09, 2008 at 02:50PM by Isaac C. Listed in: Grand Theft Auto 4, Games, Opinions & Analysis Tags: Microsoft, Sony, Lazard Capital Markets, Colin Sebastian, Lazard Capital
Ó

Analyst - Colin Sebastian - Grand Theft Auto IV didn't boost console sales - Image 1 


The phenomenal success of Grand Theft Auto 4 (Xbox 360, PlayStation 3) was enough to award it two Guinness Awards, and if that weren't enough, the Wall Street Journal also reported that game sales actually aided the UK's economy for the month of April.

As successful as it is though, it seems it wasn't enough to help either Sony or Microsoft. At least, this is according to analyst Colin Sebastian of Lazard Capital Markets. He notes that there is a significant rise in software sales, but not hardware sales:

Solid videogame software sales continued in May, and we expect roughly 30 percent growth in console and handheld software for the month. We do not believe the recent release of GTA IV has generated meaningful incremental demand for the Xbox 360 or PS3 platforms.


His statement echoes the sentiments expressed by the simExchange last month. These opinions strike as a bit off though, as Microsoft claimed last month that 40% of those who got the game bought an Xbox 360 as well.

The only interpretation to accommodate both sentiments is that those who were intending to buy an Xbox 360 incidentally bought the game as well, instead of the game influencing consumers to buy a console.

Buy: [Grand Theft Auto 4 (PS3)
Buy: [Grand Theft Auto 4 (Xbox 360)]

[Via GamesIndustry.biz] Permalink  |   Email this  |   Linking Blogs   |   Digg It!

Bookmark / Find this article on:


0 Comments


Sort by:
   by Advertising -

Reply {show_replies_result_22}



Add QJ.NET
Add to My Yahoo!
Google Reader Subscribe with Bloglines
Add  to your Kinja digest Subscribe in NewsGator Online
Subscribe with Pluck RSS reader Add 'www.qj.net' to Newsburst from CNET News.com
Subscribe with SearchFox RSS del.icio.us www.qj.net
Add to Technorati Favorite! Add to My AOL
furl! it Stumble for Treehugger!
User Favorites - November
Most Commented
No commented articles