Grand Theft Auto V Could Sell 24 Million Copies
“We expect the next Grand Theft Auto to sell at least 18 million units, representing a 20% attach rate to the estimated 2011 year-end installed base of PS3 and Xbox 360 in the U.S. and Europe. At this level, we estimate that Grand Theft Auto will generate at least $2.65/share in incremental EPS, making Take-Two’s forecast of ‘in excess’ of $2.00 per share in earnings during FY:13 easily attainable,” Pachter said in a note.
“Should the game sell 24 million units (in line with its historical attach rate), we expect contribution of more than $4.00 per share in incremental EPS. Importantly, the company has a history of providing conservative guidance, and without a GTA game in FY:13, we would not expect management to be so bold as to guide to earnings over $2.00.”
The next GTA installment has been rumoured for yoinks now, but nothing has materialised.
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Source: http://www.vg247.com/2011/08/10/pachter-grand-theft-auto-v-could-sell-24-million-units/
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