GTAV Slated For Fiscal Year 2011?
The last time a reporter brought up Grand Theft Auto V, Take-Two boss Strauss Zelnick responded with the quote of the year. But that doesn't mean other people can't speculate on a possible release window.
That goes double for analysts, who know investors are usually waiting to leap aboard the Take-Two bandwagon just before a new GTA hits the market. And according to VG247, Piper Jaffray's Anthony Gikas has raised his Take-Two stock target from $11 to $15, saying Grand Theft Auto V "is expected" during the company's fiscal year 2011. Said Gikas:
"Our confidence in the company’s profitability profile is improving as product flow for FY 2010 is greatly improved and Grand Theft Auto V is expected in FY '11. Assuming no change to product flow, we expect the company will have 10-plus games that will sell over one million units."
If you need a quick lesson, Take-Two is currently in their fourth quarter for the fiscal year 2009, and that ends on October 31. To say GTAV will launch in "FY 2011" means the game should be available some time between October 31, 2010 and October 31, 2011...which is quite a large release window. But it does get people thinking: might it be available for next year's holiday rush? If so, you can bet that once again, more big-name games will leap into 2012 to get away from a massive blockbuster. ...okay, we're getting a little ahead of ourselves here.
9/16/2009 9:37:44 PM John Shepard