Poor Duke Effort Will Affect Take-Two's Bottom Line
It had plenty of hype and it might avoid the status of "total flop" due to name-brand recognition alone.
But even so, Wedbush Morgan analyst Michael Pachter says his firm has lowered their quarterly expectations for Duke Nukem Forever publisher Take-Two Interactive. Unfortunately, the sluggish performance of the poorly reviewed DNF has sort of balanced things out after L.A. Noire sold better than anticipated. Said Pachter in a note to investors:
"We had previously expected Duke to be one of the year's top sellers due to a high degree of hype and a dedicated fan base, and expected solid profit contribution as the bulk of development had been previously expensed. However, the game's poor reviews (average Metacritic score of 49) likely had a negative impact on sales, causing us to lower our [first quarter] sell-in estimate to 1.5 million units from 3 million units."
Yeah, well, an average score of 49 is just about right; even a little generous in our opinion. In regards to L.A. Noire, Pachter said initial expectations sat around 3.5 million copies shipped, but the game has already shipped over 4 million. Sadly, this good performance can't quite make up for the Duke falling flat.
Related Game(s): Duke Nukem Forever
7/5/2011 8:55:12 PM Ben Dutka