GTA parent company isn't worried about PS5, Xbox Series X shortages

Rockstar Games parent company Take-Two Interactive isn't phased by the current console chip shortage, expects supply to even out.

1 minute & 48 seconds read time

PS5 and Xbox Series X/S consoles are expected to be hard to find throughout 2022, but Take-Two Interactive expects console supply to even out with time.

GTA parent company isn't worried about PS5, Xbox Series X shortages 1

Since next-gen consoles are hard to find, publishers are hesitant to move to full next-gen exclusives. EA, for example, is going full cross-gen with new games like Battlefield 6 and its annualized sports games. The install base simply isn't big enough yet. Other publishers like Take-Two Interactive aren't incredibly worried about the situation.

"There is a chip shortage and console supply is disrupted. It's a good news bad news thing. The bad news is you can't get a next-gen console for love or money. The good news is people really want these consoles. We had a limited selection of next-gen releases. We have many more titles coming in the future, we think supply shortages will be resolved," Take-Two CEO Strauss Zelnick said in a recent FY2021 earnings call.

This is an interesting comment given Take-Two's release slate.

The company currently plans to release 62 games by FY2024, and expects record growth in that period (we suspected GTA 6 could be among the games for FY2024). Some of these games are next-gen versions of older games, like Grand Theft Auto V's next-gen port slated to release later this year. Take-Two President Karl Slatoff also affirms all of the company's labels are working on re-releases and remasters, hinting more next-gen ports are on the way.

Chip supply should definitely even out by FY2024, but up until then we might see more cross-gen releases. Once the PS5 and Xbox Series X/S console base fills out we should see Take-Two's games roll over to that generation.

For now, though, expect big third-party games to show up on both PS4/Xbox One and PS5/Xbox Series X platforms.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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