Call it a coup for Activision Blizzard ahead of the holiday shopping season.
The video-game maker sold 4.7 million copies of "Call of Duty: Modern Warfare 2"in the first 24 hours of its release in North America and the United Kingdom, the company said, bringing in $310 million and makingthe gamethe biggest-selling launch ever.
The game went on sale worldwide Tuesday, but the $310 million represents only sales in North America and Britain, so the overall total is likely even higher.
Shares of Activision were up 23 cents, or 2%, to $11.61.
Analysts forecast sales of 11 million to 13 million copies by the end of 2009. The game will likely be a bright spot for retailers who sell it,analysts said, even at $60 each.
Estimates for launch-day sales ranged from $300 million to $340 million
The previous record for the biggest video-game launch was Take Two Interactive's "Grand Theft Auto IV," which sold 3.6 million units, or $310 million, on its first day of release in April 2008.
"Call of Duty: Modern Warfare2"is the sixth installment in the franchise. The global gaming industry is estimated at$50 billion.
Last week, Activision posted third-quarter net income of $15 million, or a penny per share, an improvement from thenet loss of $108 million, or 8 centsper share, it posted in the same period last year.Excluding charges, Activision would have earned 4 cents per share, in line with expectations.
Well, say goodbye to any patches for dedicated server support, Activision is cleaning up.
Thoughts?
http://www.geeky-gadgets.com/call-of-duty-modern-warfare-2-sells-4-7-million-copies-in-24-hours-13-11-2009/
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