On the surface the reduced price looks like an attempt to appease impatient gamers. Wedbush Morgan analyst Michael Pachter thinks that it goes deeper than that: "we believe that the lower than expected price point for GTA LCS implies that the game is a straight port from the PSP, with few (if any) enhancements to graphics or game play" and that "although we believe that the game will sell a greater number of units at a higher [sic] (we think he meant lower) price point, we think that overall sales may suffer if the game is not sufficiently different from the PSP version."
As it is, Wedbush Morgan thinks that Take Two could sell "3 million units at $16 (for total revenues of $48 million) instead of 1.9 million at $28 in our model (total revenues of $53 million)", which mean the delay might cost Take Two $5 million. Ouch.
Of course, there's still the possibility that Morgan is underestimating the game's sale figures: they predicted that T2 would sell 900,000 copies of Elder Scrolls in the time immediately after its release, when in fact Take Two recently announced that they've sold 1.7 million units.
- Key specs
- Reviews • 75
- Game format Optical disc
- Drive capacity 40 GB
- Controller type Wired
- Motion controls Camera / optical
- Video outputs RCA / composite
- Backward compatible 1 generations
- Dimensions 3.07 x 11.85 x 182 in
Sony PlayStation Portable PSP-2000