The ominous news was delivered by two separate analysts firms, Lazard Capital Markets and Wedbush Morgan Securities, as part of their monthly NPD preview report.
"We do not believe the recent release of GTA IV has generated meaningful incremental demand for the Xbox 360 or PS3 platforms," said Colin Sebastian of Lazard Capital Markets.
Analyst Micheal Pachter added that further price cuts could do more than GTA IV to boost console sales.
Huzaifa from eXputer: "2008 was home to the likes of Call of Duty: World at War, Dead Space, GTA 4, Far Cry 2, Left 4 Dead, and many other hits, which is outright remarkable."
As we have all been graced by the release of Grand Theft Auto 6's trailer, we're ranking the best and worst GTA trailers to date.
We be getting these posts All week now lads. Someone noticed a number plate ... Someone noticed a billboard... I can see it now
Just go on YouTube and watch one of the many videos dissecting the whole 1minite 30secs worth.
This site supposed to be for news.
These updates on N4G are going to ruin whats rest of this site. Unfortunate since I was one of the first members.. The site shows unsecure when i login as well.
Grand Theft Auto 4 is an important game for Rockstar, not least because it was the first title in the franchise to use the newly created RAGE engine.
Of course it didn't, it's old hat. It's the same game as it was nearly 8 years ago only with new graphics sheen and less pop up. Why would anyone buy a console for this game when they can have the same experience on a lesser system for peanuts?
Gta is old news. Something new needs to come along and break the mold and trend of these games and it's not fps or wiiware games, either.
If GTA can't do it, I wonder if MGS4 can do it?
No, it won't. Mgs4 is going to sell to the 14 million ps3 users and that's it. Not even 3 million copies will be sold when it is all said and done, I believe.
Games are dying out for a faster approach and those are casual games and they're good in moderation but not to base a system around. Sony, Microsoft and Nintendo dropped the ball when it comes to their loyal consumers. the hardcore gamer.
All of them failed and this is why we need a new console maker in the loop to maybe light a fire or spark and get things in the right direction.
...was going to gain sales from GTA IV it would have been the PS3. It didn't because of the price. What will sell PS3s? This years game lineup and price drops. Emphasize the price drops.
(edit) @ Silogon
I don't know what will happen but I sure as hell wouldn't underestimate MGS4.
One game won't move consoles until the price goes under $200 and even then it's not a given.