Recently, there has been a lot of discussion surrounding the possibility of “mid-generation” upgrades, particularly the rumored PS5 Pro. While there hasn’t been any official confirmation yet, this topic has sparked conversations about the importance and impact of these upgrades on both consumers and developers. However, Take-Two CEO Strauss Zelnick believes that mid-generation upgrades don’t really have a significant effect.
In an interview with IGN before the release of Take-Two’s Q1 earnings, Zelnick expressed his opinion that the value of a mid-generation console upgrade depends on its specific features. He stated, “Generally speaking, the mid-generation upgrades haven’t really changed much.” He reiterated that these upgrades are not particularly meaningful and emphasized that they don’t alter the company’s approach to game development or sales.
It’s not surprising that Zelnick holds this viewpoint, especially considering the current generation of consoles. Historically, mid-generation upgrades like the PS4 Pro and Xbox One X have mainly focused on graphical and storage enhancements. While these improvements are appreciated by consumers, they don’t significantly impact developers or publishers in terms of game creation. Additionally, the market is currently facing a slower adoption of new consoles due to the recently resolved chip shortage, and there is still strong support for the previous generation of consoles (as seen with the recent announcement of Star Wars Jedi: Survivor).
We also discussed rumors of a successor to the Nintendo Switch with Zelnick. While he didn’t provide many details, he mentioned that Take-Two would “almost certainly” be an early supporter of such a console. Furthermore, Take-Two’s earnings report revealed impressive sales figures for their games. Grand Theft Auto 5 has sold over 185 million copies, Red Dead Redemption 2 has sold over 55 million units, and NBA2K23 has sold over 13 million units. The company achieved net bookings of $1.2 billion for the quarter, marking a 20% year-over-year increase. Additionally, Take-Two has plans to release three “immersive core games” this year, with even bigger releases expected in fiscal 2025, raising speculation about the possibility of GTA 6 being on the horizon. Undoubtedly, this would be exciting news for potential owners of a hypothetical PS5 Pro.
Rebekah Valentine is a senior reporter for IGN. Have a story tip? Send it to [email protected].
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Basant Kasayap is an entertainment aficionado who delves into the glitz and glamour of the entertainment industry. From Hollywood to Bollywood to regional cinema, she offers readers an insider’s perspective on the world of movies, music, and pop culture.
