Take-Two Boss Cautiously Optimistic about PS4, Xbox One

Take-Two president Karl Slatoff doesn’t subscribe to all the doom and gloom that people might feel about the current state of the game industry. Speaking at the BMO Capital Markets Technology and Digital Media Conference (via GameIndutry International), Slatoff stated that he’s very excited about the early sales figures for both the Xbox One and PlayStation 4, and while he’s optimistic about the sustainability of these machines, new console launches during this time of the year often sellout no matter what.

“This is a little bit different because there's a lot of noise around the gaming industry in general and a lot of questions about whether this console cycle will have the same juice as the previous console cycle," Slatoff said. "And there are a lot of doubters about whether or not the console market in general is dead. And I think the successful launches for the PS4 and the Xbox One prove obviously that console gaming is alive and well."

The publisher did well to prove just how profitable this market can be when it released Grand Theft Auto 5 earlier this year, and thankfully, Slatoff confirmed that all that extra sales money will be going into products.