Gen 9 consoles to hit 111 million in 2024, 175 million by 2027, analyst firm predicts

GTA VI is expected to have a 'very significant attach rate' for Gen 9 consoles, which are expected to rise from 77 million in 2023 to 111 million in 2024.

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The total installed base of 9th generation consoles is expected to break 111 million by the end of 2024, new reports from Take-Two Interactive indicate.

Gen 9 consoles to hit 111 million in 2024, 175 million by 2027, analyst firm predicts 2

Take-Two Interactive's latest Q4 earnings call revealed an interesting snippet on console market expectations. During the call, TTWO CEO Strauss Zelnick gave out IDG's console expansion forecasts for the current 9th hardware generation. These numbers combine both PlayStation 5 and Xbox Series X/S console sales.

IDG expects the installed base for the 9th console generation to reach 111 million by the end of calendar 2024, up +37% from the previous figure given by Zelnick. The most eye-opening figure is for 2027 and beyond, where the 9th gen console installed base is expected to jump to 175 million.

Below is a quick transcription of what was said during the call, courtesy of Seeking Alpha:

Omar Dessouky, Analyst, Bank of America Securities

"...Along kind of the same lines, I think a lot of people are going to be super excited about GTA VI coming out. Do you make any assumptions about perhaps a reacceleration of growth in the console installed base or console sales because your title may bring a lot of lapsed gamers back into the ecosystem in your forecasts?

Strauss Zelnick, CEO, Take-Two Interactive

"We are using IDG's projections, which are pretty substantial. So for Gen 9 alone, their view is that they're about 81 million consoles worldwide currently--that was at the end of the last year.

"They project that will rise to 111 million by the end of this year, and 175 million by the end of 2027. Now we don't necessarily subscribe or not subscribe to those views, but that shows an awful lot of growth.

"And we do expect a very significant attach rate [for GTA VI]."

NEWS SOURCE:seekingalpha.com

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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