GTA V will generate $1 Billion Revenue in Retail Sales in First Month says Analyst

GTA V Pic 3

Just few hours is left for the launch of Grand Theft Auto V, the next installment in epic GTA series, and analyst are already predicting massive sales figure and revenue (in game’s first month itself).

According to analyst Colin Sebastian, Grand Theft Auto V will generate a revenue of whopping $1 billion in retail sales in its first month alone.

In a note sent to investors today, Colin Sebastian said, “To-date, Take Two has shipped roughly 25 million units worldwide of GTA IV, and our checks suggest an uptick in catalog sales in the weeks ahead of tonight’s GTA V launch. Given the significantly higher installed base of relevant console platforms at launch, greater sales concentration among the top video game franchises, and unprecedented pentup demand, we expect GTA V to outpace GTA IV sales, and generate roughly $1 billion in retail sales during the first month,”

Sebastian went of to predict that GTA V sales in September 2013 Quater will be about 12 million units, and this figure is estimated to reach 20 million by end of fiscal year in March 2014.

“Given strong pre-order volumes, little direct competition in the launch window, and strong follow-on sales likely through the holiday period, we believe there is good visibility in Take Two hitting these GTA targets, and potentially exceeding our estimates,” Sebastian added.

GTA V is schedule to arrive on retail shelves on September 17 for PS3 and Xbox 360. For gamers in UK and US, HERE is an exclusive tool for “GTA V Midnight Launch Event” Store Locator, gamers can India can find stores holding midnight launch event for GTA V HERE.