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GTA V announcement imminent - analyst

Rockstar "building suspension for a pre-E3 GTA V announcement"

Rockstar could be gearing up to announce GTA V before this year's E3 show in June, according to Janco Partners analyst Mike Hickey.

"Assuming GTA V is in their fiscal '11 period as we have currently modeled, [Take-Two Interactive] should be highly profitable, and likely in excess of current street consensus," said Hickey.

"With the RAGE engine built, the next GTA release should drop faster and require less development expense. Importantly, the Rockstar team is newly incentivized through profitability versus a unit sales approach.

"We believe there is building suspension for a pre-E3 GTA V announcement," he said, adding: "We expect nothing from Rockstar at this year's official E3 event."

He added: "We think the next iteration of GTA for console can significantly outsell its predecessor, reflecting on the sales acceleration of the prior cycle GTA console iterations, [and] an accelerating core gamer installed base (with an emphasis on PS3 installed expansion where GTA has historically dominated relatively)."

Will the next GTA snap the Earth's crust in half every time a new trailer's released, like the previous one though?

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