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- Strauss Zelnick, Take-Two’s CEO, is optimistic about the future growth of Gen 9 consoles.
- He says that he expects the console sales to grow significantly with the release of future games.
- Zelnick also said that Take-Two has the ‘best pipeline of games’ they’ve had in years.
Console demand has seen a bit of a decline for the last couple of years. This has led to the fear that sales might plummet even more, leading to less interest in the console gaming industry.
However, Take-Two’s CEO is hopeful that this industry will grow meaningfully in the future.
Why it matters: While the PS5 has sold quite well, Sony expected better results. The case is even worse for Xbox, as Microsoft’s latest offerings seem to be on track to becoming its worst-selling consoles to date.
In their recent Q1 FY2025 earnings report, Take-Two CEO Strauss Zelnick commented on the future of the latest consoles. He believes that the latest generation still has room to improve.
Furthermore, he believed that the sales would significantly increase with the release of new games. Currently, Take-Two has the likes of BioShock and GTA 6 in the works, so it has high expectations from the PS5 and Xbox Series S|X.
I think you’ll continue to see meaningful growth in that installed base, and I wouldn’t put too much weight on a particular period of time.
– Strauss Zelnick
He also talked about the 8th-generation consoles, PS4 and Xbox One. Despite the claims that they are still a huge source of income, Zelnick said that the generation was not a high performer and, in fact, performed worse than expected in the case of NBA 2K.
According to the CEO, the notion that consumers are fine with using the PS4 and Xbox One without upgrading to new hardware should not be given much thought. Talking about future projects, Zelnick stated that they have multiple games in the works.
He also believes this is Take-Two’s best pipeline to date.
Explaining Zelnick’s point, a recent report showed why the console market is far from doomed. With the Take-Two CEO also expecting growth, it’s clear that the PS5 and Xbox Series S|X have yet to reach their prime.
With blockbusters like GTA 6 coming next year, the console landscape will certainly be one to keep an eye out for.
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News Reporter
Abdullah is an avid gamer who primarily plays single-player titles. If you can’t find him anywhere, he’ll probably be at his desk playing The Witcher 3 for the millionth time. When he isn’t playing games, he’s either reading or writing about them.
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