Baird Equity Research: Modern Warfare 3 Will Break Records Today

November 8, 2011 -

Analyst Sebastian Colin of Baird Equity Research says that Call of Duty: Modern Warfare 3 will break records today. His firm expects Call of Duty to set a new record for first day sales, surpassing last year’s Black Ops, and "taking its place in history as a top-five media property, with Avatar, Titanic, Thriller and Black Ops." Despite the positive outlook on Modern Warfare 3's release, Colin cautions that there might be some near-term risk from lower World of Warcraft subscriber numbers to be reported after the close - even with Activision's shares closing at a three-year high Monday.

Colin says that strong sales of MW3 should help offset declines in WoW. Sales of Call of Duty: Modern Warfare 3 should reach 18-19 million units in Q4, slightly higher than last year. This should generate roughly $1.1 - $1.2 billion in retail sales. Call of Duty: Black Ops exceeded $1 billion at retail last year in Q4, following record day-one sales of 5.6 million units and $360 million in volume.

"Activision will report its Q3 earnings this afternoon; we believe a strong performance by Call of Duty should help offset further declines in World of Warcraft subscriptions, which we still expect will stabilize in the 10-11 million range."

Colin also estimates that October video game sales increased 5 - 10 percent, with Batman: Arkham City and Battlefield 3 performing well and helping to offset declines in second tier software. He also expects that seven of the top 10 console titles are on the Xbox 360, with two on the PS3 and one for Wii.


Comments

Re: Baird Equity Research: Modern Warfare 3 Will Break ...

Heheh, it DID break records- it got cracked on day one.

 
Forgot your password?
Username :
Password :

Poll

Which Feminist Frequency video are you looking forward to most?:

Shout box

You're not permitted to post shouts.
Andrew EisenI don't know about Joystiq, we may mention it but I don't know that there's that much to really discuss but yeah, Nintendo's YouTube Creator's Program is on the agenda.01/31/2015 - 2:45pm
MonteMatt: they have articles on both Joystiq and nintendo's youtube BS.01/31/2015 - 2:30pm
prh99http://blog.us.playstation.com/2014/12/31/playstation-plus-januarys-free-games/01/31/2015 - 1:56pm
Matthew Wilsonyou guys going to talk about the Joystiq closing, and Nintendo losing its mind?01/31/2015 - 1:11pm
Andrew EisenNeo - Do you have any evidence of that? Please link.01/31/2015 - 11:43am
Papa MidnightI enjoyed the first Prototype... even if the PC Port was horribly done. Prototype 2, however, far exceeds it. It's actually a decent game in my opinion.01/31/2015 - 11:24am
Wonderkarpreally? I didnt play it because the first one sucked. I didnt even know the main characters black01/31/2015 - 10:38am
Neo_DrKefkaFor those who don't know Prototype 2 is free for the PS3 on PS PLUS! It's a great game that failed due to collusion with activist bloggers before the game was released that people would hate it because the main characters black.01/31/2015 - 9:53am
Wonderkarpalso heard Techraptor is working on a big news piece on indiecade01/31/2015 - 9:47am
WonderkarpAndrew : All I know is he was critical of the block list and said the coding was bad.01/31/2015 - 9:42am
prh99Devolvers response to Nintendo's creator program https://mobile.twitter.com/devolverdigital/status/56082061398444851301/31/2015 - 3:24am
Andrew EisenI only know of him being annoyed that IGDA mistakenly hosted on its anti-harassment tools page a blocklist he was on. What else was he critical of?01/31/2015 - 2:19am
Goth_Skunk@WonderKarp: Given Rosario's outspoken criticisms of the conduct of the IGDA, I would not be one bit surprised if he's being strong-armed into silence in closed-door meetings. He's not towing the party line, after all.01/30/2015 - 11:38pm
MechaTama31EZK: Thank you! (And I was able to see that you did it, only because you did it. How appropriate! :)01/30/2015 - 11:37pm
Matthew Wilson@Monte Nintendo is a Japanese company though. consoles are dead in japan. ps sony is a international company, so they do not much care about Japanese sales much.01/30/2015 - 10:11pm
MonteOnly one generation ago nintnedo had the best selling console. They know their games are still popular and can move their hardware. They just need to focus on better gaming hardware and advertising (their youtube policy not helping)01/30/2015 - 9:58pm
MonteI'd expect Nintendo to keep making consoles, much like the gamecube i doubt nintendo will see the Wii U as a sign of the end for consoles. There are multiple reason why the Wii U failed a big one being marketting.01/30/2015 - 9:55pm
Wonderkarpwhen asked on Twitter, the Chairman said He couldnt comment at this time https://twitter.com/siloraptor/status/561284497275367424. still looking for facts01/30/2015 - 9:41pm
Wonderkarphttp://pressfarttocontinue.com/2015/01/30/igda-puerto-rico-closed/ this is what I have so far01/30/2015 - 9:27pm
Wonderkarpso allegedly, IGDA has closed their Puerto Rico branch. This comes after the Chairman of the Puerto Rico branch was blocklisted by Randi Harper. I'm trying to dig up more info on it. all I have is a link with some info, but its not cited.01/30/2015 - 9:27pm
 

Be Heard - Contact Your Politician