Sun, Jun 08, 2008 | 21:29 BST

Pachter: GTA IV won’t sell more than 12 million units this year

Wedbush Morgan’s Michael Pachter has just issued a note saying he does not expect GTA IV to make it past 12 million units this, leaving Take-Two as an obvious target.

“Notwithstanding the strong sell-in of GTA, we do not expect the game to sell more than 12 million units this fiscal year,” said the analyst. “We believe that Take-Two remains a takeover story rather than a fundamental one.”

Pachter’s maintaining a hold rating on the stock with a target of $26 based on the price of EA’s proposed bid for the firm.

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10 comment-trail-alt Posted in: Action, PS3, Rockstar, Xbox 360
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10 comments

#2

Blerk
06/06/08, 2:50 pm

Next month:
“Pachter: GTA IV won’t sell more than 11 million units this year”

#3

Whizzo
06/06/08, 2:51 pm

“Pachter: GTA IV won’t sell more than 10 units this year”

#4

Blerk
06/06/08, 2:52 pm

Pachter: GTA IV customers returning units to shops!

#5

patlike
06/06/08, 2:52 pm

PT: It is new, really. That 12 million mark’s way higher than the 9 million he originally predicted.

#6

G1GAHURTZ
06/06/08, 2:53 pm

I predict that GTA IV will not sell over 65 million units this week.

#7

Psychotext
06/06/08, 3:01 pm

Pat: Yeah, I’m not saying otherwise… just that he’s a bit of a broken record. A broken record that doesn’t get things right very often. =)

#8

G1GAHURTZ
06/06/08, 3:24 pm

UPDATE: I now predict that GTA IV will not sell over 64 million units this week.

…are you paying attention to me??

#9

El_MUERkO
06/06/08, 4:03 pm

Pachter: I am iron man dunna dunna dunnn duun duun duun!

#10

ruckus
07/06/08, 12:46 am

dun dun dundun dun dunna dunna dun-da dun dun dun! <_< hmm…

da da dada da dada dada da-da da da da …

erm 1 MILLION! :-0_

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