While THQ's Darksiders II has sold an estimated 1 million copies so far, Wedbush Securities analyst Michael Pachter says that the game is having a very hard time making it past the 2 million milestone it needs to reach for THQ to break even on the title.
"Darksiders II's performance and a history of game delays and cancelations leaves us skeptical that THQ can successfully execute its turnaround strategy, which centers on a streamlined release slate," says Pachter.
He goes on to say that THQ's decision to drop two high-profile projects - InSane from film director Guillermo del Toro and Devil's Third from Valhalla Game Studios, the new studio created by former Ninja Gaiden director Tomonobu Itagaki - could prove to be a potential problem for THQ as it looks to boost its revenues with new releases. He goes on to predict that THQ will beat analyst estimates of around $75-85 million in revenues when it reports second quarter earnings on November 5, even with software sales down 18 percent during the July-September months compared to the same period last year. Still, he warns investors to be cautious with THQ because its management has a "history of missteps."
One thing Pachter does not mention is how the latest WWE game - WWE 13 - and future DLC related to it will impact the company's bottom line... WWE 14 was released today on PS3 and Xbox 360 today in North America.