NEW YORK (
(ATVI - Get Report)
jumped more than 3.5% in early afternoon trading Monday on hype that its new
Call of Duty: Black Ops
game will break video game sales records.
The game is already tracking to surpass records set last year by its predecessor,
Call of Duty: Modern Warfare 2
, which sold 4.7 million copies its first day of global sales.
In October, retailer
(GME - Get Report)
said pre-orders for
were higher than those for
during the same timeframe.
also tweeted last week that
pre-orders had exceeded those of
Domestic pre-orders of
are around 3 million, said Daniel Ernst, an analyst at Hudson Square Research, who expects combined one-day global sales to "materially surpass" those of
However, overall quarterly sales of
are expected to be 10% to 20% lower than its predecessor, said Janco Partners analyst Mike Hickey.
Infinity Ward, the studio that created
, is traditionally regarded as higher in quality than Treyarch, which developed
, Hickey said. "The higher quality and the modernish tweak to the gameplay for Infinity Ward gives [<i>Modern Warefare</i>] a sales advantage," he said.
Anticipation for the game was evident over the weekend as robbers stole more than 100 copies of the game from a GameStop in Baltimore.
Activision beat third quarter sales and profit estimates
, as adjusted profit rose to 12 cents per share, from 4 cents per share last year. Analysts had expected profit of 9 cents per share.
Adjusted revenue jumped to $857 million from $755 million during the year-ago quarter. Analysts had expected revenue of $747 milllion.
Despite Activision's strong performance, the video game industry has suffered from a drop in software sales as consumers have moved towards online channels. Software sales declined 6% in September to $614 million, according to NPD.
--Written by Olivia Oran in New York.
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