Less Chances of GTA 5 Release In 2012: Michael Pachte

With Rockstar’s absence during E3 2012, Michael Pachter believes Grand Theft Auto V is unlikely to release in 2012.

Analyst Wedbush Morgan had predicted that game would launch during October 2012 but with Rockstar’s no show at the E3 there are posibilites that the game may be released next year.

“There was no announcement of Grand Theft Auto V at the show, making a pre-holiday release less likely. Company management confirmed that it would most likely notify retailers of a GTA release 3 – 4 months prior to launch, suggesting that a GTA release date announcement is virtually certain to occur by November.”

Take Two, Rockstar’s parent company would likely set a release date of GTA 5 in 2013. The company is expecting $1.75 to $1.85 billion for the fiscal year ending March 31, 2013, Which can only be achieved if GTA V is released during that time frame.