Grand Theft Auto series is perhaps one of the most successful franchises today in the video games industry. Whenever a new installment of the game is announced, analysts sit down to predict the possible sales and profit the next game will bring. With Grand Theft Auto V announced, many analysts have already sat down to predict the success the game will bring for Take-Two.
Arvind Bhatia, analyst at Sterne Agee, has predicted huge success for the publisher after the next installment of the series is released. According to Bhatia, Grand Theft Auto V will bring revenue of $700 million, with 14 million in sales after the initial launch of the game. This prediction is even greater than Grand Theft Auto 4, which sold 13 million copies after a few days of its launch.
Bhatia also believes that the next installment in the series will arrive before the end of Take-Two’s fiscal year because the publisher is predicting $1.75 billion in revenue this year. The end of this fiscal year for the publisher is slated for March 2013. Revenues from the previous fiscal year brought the publisher $825.8 million in revenue and with this year’s release of Max Payne 3, which has already sold 3 million copies, the publisher can only achieve its targeted revenue by releasing GTA V before the fiscal year ends.
Grand Theft Auto IV was released in April 2008. The game set out to record huge sale numbers after its launch, with reported 13 million copies sold. According to Take-Two, the game will enjoy increasing sales over the next few years as 20 million copies have already shipped so far. Grand Theft Auto series has always brought huge success for the two companies behind it, and with anticipation growing from fans for the next installment, it is quite easy to predict that the game will score high sales once it is launched.
Currently there is no official information available on when the game will be released. Gamers are expecting Take-Two to take stage on this year’s E3 to reveal further details on the development progress of the game.