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GTAV Could Sell Over 24 Million Copies – Michael Pachter

by Ernice Gilbert on August 10th, 2011, under Hot, News, Take-Two

Wedbush Morgan Securities analyst Michael Pachter’s predicting stuff again, this time claiming Grand Theft Auto V could sell 24 million copies in its lifetime. We say, of course, no surprise there.

“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.”

We have no idea when the game will be unveiled, far less released, so this is on the back burner for now.

Via Industry Gamers.

2 Comments

  1. Thu, 11th Aug 2011 at 4:59 am

    sigh.
    wish i could get paid for pulling shit out of my a$$!
    in other words, roses are read, violets are blue, predicting shit is stupid and so are you!

  2. Thu, 11th Aug 2011 at 6:47 am

    Yeah – Pachter simply rants rubbish and gets paid. Nice world we live in.

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