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GTA V 'could sell up to 24 million' - Pachter

Analyst puts a number on next GTA blockbuster

It's no surprise that Rockstar's as yet unannounced Grand Theft Auto V is expected to be a massive hit in terms of sales but now the big numbers are being thrown about.

Zoom

Wedbush Securities' Michael Pachter said yesterday that his company is expecting the open-world crime caper to sell 18 million units without breaking a sweat, but the figures could go much higher:

"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," said Pachter in an investor note.

"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.

"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."

GTA IV hit 20 million units shipped back in March, which took the franchise to 100 million units sold since its PlayStation debut.

[ SOURCE: Industry Gamers ]

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