Analysts suggest Take-Two's latest earnings report factors in release of new entry in flagship franchise from Rockstar Games.
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.
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.
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