The ominous news was delivered by two separate analysts firms, Lazard Capital Markets and Wedbush Morgan Securities, as part of their monthly NPD preview report.
"We do not believe the recent release of GTA IV has generated meaningful incremental demand for the Xbox 360 or PS3 platforms," said Colin Sebastian of Lazard Capital Markets.
Analyst Micheal Pachter added that further price cuts could do more than GTA IV to boost console sales.
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