Grand Theft Auto IV may only enjoy modest sales when its launched later this year, due to competition from another highly anticipated gaming franchise, Halo 3. Analyst Michael Pachter sees a more loyal following for the Bungie sci-fi shooter than Rockstar's urban crime sim, while a small installed base of next-gen console owners and increased competition from the Nintendo Wii will also hamper sales. The analyst detailed a significant number of warnings over the future of publisher Take-Two, including concern about profitability, the performance of the rest of its gaming portfolio and the possible loss of key creative staff.
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