GTA 5: Analysts still believe in 2012 release date, 18 million sales projected

Posted By | On 05th, Aug. 2012 Under News | Follow This Author @KartikMdgl


Take-Two Interactive’s financials weren’t that good for Q1 2013. The company blamed the poor sales of Max Payne 3 and Spec Ops: The Line for their shoddy performance for the quarter, however they are still targeting significant revenues for this fiscal year.

Pachter analysed: “We can not construct a scenario in which Take-Two can generate profits necessary to meet its forecast for fiscal year 2013 without an imminent release of Grand Theft Auto V.”

He also went on to say that the game needs to ship 18 million units. “We hope the title will sell at least 18 million units, representing about 20% in the PS3 and Xbox 360 in the U.S. and Europe.” The install base for the PS3 and Xbox 360 in the US and EU is approx. 100 million units (55 million in the US and 45 million in the EU).

Here’s what Take-Two had to say about the game’s development. “We just haven’t talked about a release date. So I can’t discuss about the existence of a release date we haven’t announced,” Zelnick said when asked by investors.

The company’s net revenue was $226.1 million, down by at least $100 million in revenue compared to last quarter. They had recorded a $8.6 million loss last quarter which was increased to $110.8 this quarter.


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  • Spiffy

    I am personally hoping for a 2012 release but 2013 looks more appropriate and I know for a fact that GTA V will sell well over 18 million units. I just know that the longer the game is held back the better it will be, they will have all the bugs, glitches, and audio problems worked out and may eve decide to add a few minor details at the last minute which could really improve the game as a whole.

    • Sam

      Yeah i agree with that. the wait will be worth it because when a game is released its released forever. it is better for them to take more time and care over it to give us a nice polished game. but rockstar can do what they like anyway and won’t be swayed by fan pressure which is a nice thing in a games company. So come on rockstar and take two give us a fantastic game to blow us all away and take your time 🙂

  • TeloniousB

    they can put out gta unfinished and it will still sell 18 million copies. they need to do that and just add updates every week if they had to. Btw GTA over shines Halo, Call of Duty, and all that other repeat shit. how many games shut down a city to release.

    GTA


 

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