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The hype around Grand Theft Auto IV for the Xbox 360 and PlayStation 3 is not diminishing even with the official launch of the game earlier today at midnight. It doesn’t take a market analyst to know that the game will leave its mark in the annals of 2008’s gaming history, but said analysts might be able to provide a better estimate over just how big that mark could get.
For example, Wedbush Morgan Securities analyst Michael Pachter explains to GameSpot that Take-Two stands to sell at least 4 million copies of the game (for both console platforms) during its first week alone, growing to 6 million by its fourth week in the market. While Pachter believes the Xbox 360 edition of GTA IV will outsell the PS3 release by a "three-to-two" ratio, sales between the two versions should be more evenly split come December.
By the end of December 2008, Pachter predicts sales for GTA IV could well hit 11 to 13 million units. After its first year, sales should slow somewhat, making for an overall "lifetime" sales number of 16 to 19 million units. This will actually be a little lower than the 21.5 million unit liftime-to-date sales garnered by GTA: San Andreas. Time will tell, naturally!
Take-Two itself is confident GTA IV sales will beat all these expectations, and then some. The publisher appears to be betting on first week sales figures of $400 million USD, or about 6 million copies of GTA IV sold. This is already being compared to Halo 3’s stellar launch week revenue of around $300 million USD through selling 5 million units.

neoseeker.com

Tags: 4, gta, sales

, , ) swung to a fourth-quarter profit of $22.7 million from a year-earlier loss of $7.92 million. Excluding operations for the period prior to the company’s acquisition of certain businesses, fourth-quarter net income was $17.6 million, or 42 cents a share. The Houston energy company’s revenue rose 32% to $474 million from $359.7 million a year ago. On average, analysts polled by Thomson Financial expected earning of 15 cents a share on revenue of $157 million.
, , ) , a producer of platis containers for food and drinks, said its fourth-quarter net loss widened to $14 million, or $1.14 a share, from $7.2 million, or 59 cents a share, a year earlier. The latest results included a provision of $600,000 related to the closing of one of the company’s U.S. facilities. Sales slipped to $203 million from $207 million a year earlier. The company also said it is restating its 10-K financial statements for the year ending 2006 due to accounting errors. (Clarifies that the correction on the 10-K was for the year ending Dec. 31, 2006., and that the net result was a $0.7 million to “credit agreement” EBITDA before restructuring.)
, , ) the Jackson, Miss., egg producer, reported that fiscal third-quarter net income more than tripled on 59% higher sales. Earnings for the quarter ended March 1 reached $57.2 million, or $2.41 a share, from $17.4 million, or 74 cents, in the year-earlier period. Sales advanced to $278 million from $175.2 million. The results reflect record egg prices, Chairman and Chief Executive Fred Adams said in a statement on Monday. Demand was strong at retail and in food service. “We are off to a solid start” for the fourth quarter as well, he said.

marketwatch.com

Tags: 26, album, day, sales