All the Consoles in the Market Are Good According to Take-Two; New Hardware Is Good for Business
At the Credit Suisse 2016 Annual Technology Conference in Phoenix, Arizona, Take-Two Interactive Software President Karl Slatoff talked about the new consoles recently released in the market (PS4 Pro, PS4 Slim and Xbox One S) when asked whether they’re taking revenue away from software.
First of all, Slatoff mentioned that all the consoles currently in the market are good and are different enough to offer a compelling value proposition.
“Any time there is new hardware that’s good hardware, and I think all the hardware in the market is actually good and is beneficial for the consumer, and it’s different enough that I think it’s a compelling value proposition for the consumers, that typically is a good thing.”
Slatoff then moved on to clarify that new hardware is normally a good thing for software sales, and not detrimental, as people will buy new games for their new consoles.
“It typically isn’t that it sucks dollars out of people’s wallets, it really usually has the opposite effect. People get new hardware, and then they wanna go buy stuff for it. That may not happen before Christmas, but it certainly happens in the first quarter.
So either way, I think new hardware in the system with compelling value proposition, which I think the hardware is, is a good thing for our business. “
Slatoff wasn’t the only industry executive to express this view today, as the same question was asked to Electronic Arts Chief Competition Officer Peter Moore, who offered a similar answer.
Earlier during the conference, Slatoff also expressed an optimistic view on the outlook for the upcoming Nintendo Switch, especially since Nintendo is making a great effort to reach out to third party developers.