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Zippy6 on 05 February 2026
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Panicradio said:
Zippy6 said:

No. Take Two are almost certainly estimating install base (sell-through) here, not shipped units. As that's what actually matters to a publisher.

Which would put the Xbox Series at around 33m.

Really? Where do you take that from?

For many years now, it's been indicated by T2 themselves that they are using "Representing combined PS5 and Xbox Series X/S sales, the data was sourced from one of (or a combination of) research firms IDG Consulting and Newzoo, and the Entertainment Software Association."

All of them report shipment data, not sell-through. And even last February when T2 reported 94M+, we could easily figure out it were shipment numbers.

These firms estimate a multitude of things, MAU's, installbase, consumer spending habits, etc etc. Shipments are reported by Nintendo/Sony. The 138m is not shipments.

As you asked ChatGPT previously in this thread about Xbox sales, you can also ask it about what "138m consoles outstanding" means.

You'll get a response including this: "In finance and games publishing, “outstanding” ≈ “active or existing in the market”, not merely shipped." "When a publisher says “138m video game consoles outstanding”, they are almost always estimating the installed base."