Analyst: Only GTAV Will Halt The Gaming Industry's Tailspin
It has become common for the NPD monthly results to show at least a 20% year-over-year decline in overall game sales in the US. Kinda depressing.
And now, Sterne Agee analyst Arvind Bhatia says this trend won't reverse until GTAV hits store shelves. Bhatia told investors today that March sales for the video game industry will be down 10-15%.
But the analyst believes things will turn around when Grand Theft Auto V launches in September, and the industry will be further spurred by the arrival of the next-generation consoles. This falls very much in line with what other analysts have said on the matter, as most expect GTAV to sell 20-25 million units in its lifetime. As for publisher Take-Two Interactive, they're poised for a good year, as Bioshock Infinite appears to be doing well, and will allow Take-Two to see their March sales rise 70% year-over-year. And when GTAV strikes...
Yeah, we need GTAV. It's true.
4/17/2013 11:35:18 AM Ben Dutka