Take-Two's latest earnings report factors in release of new entry in flagship franchise from Rockstar Games. Analysts suggest gamers are less than a year away from GTAV.
Grand Theft Auto V. will ship by the end of March 2013, multiple analysts are predicting based on Take-Two's latest financial report. Yesterday, the company announced it is planning to haul between $1.75 and $1.85 billion for the year ending March 31, 2013. This marked increase over last year's haul factors in, according to analysts, the release of GTAV.
Wedbush Securities' Michael Pachter said Take-Two's guidance is "unattainable" without a new big title from Rockstar Games. The industry watcher predicts Rockstar will contribute $1.1 billion to Take-Two's bottom line in fiscal 2013, with $300 million of that coming from Max Payne 3 and its downloadable content. He said another $150 million will be made up by Rockstar catalog sales, which leaves a void of $650 million. Pachter suggests that figure will be made up by sales of GTAV.
Robert W. Baird analyst Colin Sebastian echoed Pachter's belief that GTAV will ship in the next year. In a note to investors, Sebastian said Take-Two's latest guidance for the current year suggests the new open-world title will ship during March 2013. Sterne Agee analyst Arvind Bhatia's estimations indicate the new game will arrive by then, too.
Will you be snapping up this title when it hits?? If you are, and I know just about everyone will be, make sure you support the game on 360-HQ and add GTAV to your wishlist.
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