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'Grand Theft Auto V' expected to sell 20 million units in first six months

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Publisher Take Two Interactive is expecting big things out of Grand Theft Auto V for the Playstation 3 and Xbox 360 when it releases on Sept. 17 with it and other Rockstar Games titles providing a full 65 percent of its fiscal 2014 revenue. What does that represent in terms of the number of copies sold? Wedbush Securities analyst Michael Pachter pegged that figure in an investor's note released Tuesday.

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According to Pachter, Take Two's fiscal projection for the 2014 fiscal year ending March 31, 2014 indicates that the publisher expects to sell between 15 and 17 million copies of Grand Theft Auto V. The controversial analyst is more bullish in his projections though.

"Grand Theft Auto V is on track, and sell-in should hit a record in [fiscal year 2014]," Pachter wrote in the note. "GTA V is scheduled for a September release, so Take-Two will enjoy over 6 months of its fiscal year with the game in stores. This contrasts to prior releases, which typically came out near fiscal year-end and which did not benefit from holiday sales in the same fiscal year as launch.

"We expect a greater number of units sold in FY:14 than in any prior year of release for a GTA title. We expect GTA V to sell 20 million units in FY:14 and 24 million units lifetime, assuming an attach rate of 20 percent," he concluded.

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