zddgame
/
Gaming News
/
GTA 5 "sucked dollars" out of Xbox 360/PS3 market, says EA
GTA 5 "sucked dollars" out of Xbox 360/PS3 market, says EA-December 2024
Dec 27, 2024 8:47 AM

  The release of Grand Theft Auto V in September 2013 was so incredibly successful that its arrival "sucked dollars" out of the Xbox 360 and PlayStation 3 market overall, according to Electronic Arts chief financial officer Blake Jorgensen.

  "I don't think anyone anticipated the level of that success," Jorgensen said during the Morgan Stanley Technology, Media &, Telecom Conference in San Francisco. "Fabulous, fabulous product and [it] did extremely well. It did, I think, suck dollars out of the old-generation software market."

  "We expect that market to be challenged just because of the transitions to the new generation and I think it was extra-challenged based on that release," he added. "As reminder, [Rockstar Games] moved that release from the spring to the fall, so it even changed our expectations again as it got moved."

  What he means is that GTAV was so dominating on Xbox 360 and PS3 (it has shipped over 32.5 million copies to date) that gamers spent their money on Rockstar's title instead of other Xbox 360 or PS3 games. It appears this had a real impact on EA's bottom line, as the publisher reported in January that it had lowered its full-year net revenue expectations due to "weakness in current-generation software."

  However, GTAV's record-setting release was not disastrous for publishers like EA, however, as Battlefield 4 has sold very well since launch, Jorgensen said during the talk.

  You need a javascript enabled browser to watch videos.

  Click To Unmute

  Grand Theft Auto V: Online - Video Review

  How Alan Wake II Made Me Face My Fear of Horror Games

  GameSpot's Top 10 Games of 2023Thompson: The Pop Culture Icon’s Strange Legacy - LoadoutFirearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Saeko Mukoda Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Eric Tomizawa Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Kazuma Kiryu Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Yu Nanba Character Spotlight Trailer

  Share

  LinkEmbed

  Size:640 × 360480 × 270

  Start at: End at: Autoplay Loop

  Want us to remember this setting for all your devices?

  Sign up or Sign in now!

  Please use a html5 video capable browser to watch videos.

  This video has an invalid file format.

  00:00:00

  HTML5

  Auto HD High Low

  Report a problem

  Sorry, but you can't access this content!

  

Please enter your date of birth to view this video
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember12345678910111213141516171819202122232425262728293031Year2023202220212020201920182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993199219911990198919881987198619851984198319821981198019791978197719761975197419731972197119701969196819671966196519641963196219611960195919581957195619551954195319521951195019491948194719461945194419431942194119401939193819371936193519341933193219311930192919281927192619251924192319221921192019191918191719161915191419131912191119101909190819071906190519041903190219011900

  By clicking 'enter', you agree to GameSpot's

  Terms of Use and Privacy Policy

  enter

Comments
Welcome to zddgame comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Copyright 2023-2024 - www.zddgame.com All Rights Reserved