GTA IV sales have been underestimated, says Take-Two boss

By Patrick Garratt, Tuesday, 29 April 2008 12:04 GMT

gtaiv57.jpg

Speaking to Reuters, Take-Two CEO Ben Feder said that he felt analysts had been conservative in their estimates of how well GTA IV will sell this year.

“Our expectations are very high, higher than analysts give the game credit for,” he said “All the analysts had a (sales) number, give or take, and I think we will be on the upside of that rather than the downside.”

Webush Morgan’s Michael Pachter estimated that the game would sell 5.8 million units in its first week, while Hudson Square analyst Daniel Ernst reckons 13 million copies this year is a goer.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Ben Feder

Daniel Ernst

  • Analyst boosts EA sharing rating

    Soleil Securities Group analyst Daniel Ernst boosted his rating on Electronic Arts to “Buy” from “Hold” and set a $55 price target, implying he expects the stock to jump 25 percent over Friday’s $43.94 close, according to this AP report. “”We believe EA has a strong (product slate for the second half of the year) […]

  • Wii will outsell PS3 and 360 combined this year, says analyst

    More hilarious American statements, this time thanks to Daniel Ernst of Hudson Square Research. Apparently Wii’s going to continue its domination of the home console market this year, to an almost ludicrous degree. “With its strong slate of software scheduled for the coming year, we expect a material acceleration for the PS3 this year, but […]

Grand Theft Auto Iv