Take-Two Interactive CEO Predicts 9th-Generation Game Console Sales

TapTechNews May 28th, at the fiscal fourth-quarter earnings call of Take-Two Interactive, the company's CEO, Strauss Zelnick, cited the data of IDG and predicted the sales situation of the 9th-generation game consoles.

The 9th-generation game consoles are represented by Sony's PlayStation 5 and Microsoft's Xbox Series S|X. IDG stated that the cumulative global sales of the 9th-generation game consoles in 2023 were 81 million units, and the estimated sales in 2024 could reach 111 million units, while the estimated sales in 2027 would reach 175 million units. (1 million = 1000000 in the US).

Bank of America Securities analyst Omar Dessouky asked:

Also, I think a lot of people will be very excited about the advent of 'GTAVI'. Based on your prediction, the installed base of game consoles or the sales volume of game consoles may resume accelerating growth because your game may bring many out-of-date gamers back into the gaming ecosystem. What assumptions do you have about this?

TapTechNews attached the answer content of Take-Two Interactive CEO Strauss Zelnick as follows:

We quote the IDG prediction whose data is quite considerable. So for the 9th-generation game consoles alone, they think there are about 81 million game consoles globally at the moment - that's the end of last year's data.

They're expecting that to increase to 111 million by the end of this year and to 175 million by the end of 2027. Now, we don't necessarily agree or disagree with these views, but it shows a very strong growth momentum.