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New 'Grand Theft Auto 5' discusses Rockstar's frustrating trend

"Grand Theft Auto 5" will now be coming to consoles this September, but a major question that has come up with the delay, is whether or not "GTA V's" overall sales will be impacted by it?

Excited for Grand Theft Auto V?

In an exclusive interview with today, Wedbush Securities analyst Michael Pachter talked about how the delay will not impact most people's desires to get their hands on the title.

"The delay is not particularly leveraging to the game’s revenue and profit potential.

"I’m sure that there are a handful of gamers who will pass on the game solely because they are buying a next generation console this fall, but that number is in the thousands, not the millions, so it’s not a huge problem," Pachter said.

Pachter went on to say this delay and others have started to form a trend of what to expect from Rockstar Games, and it's not exactly a positive trend.

"The bigger issue is that game delays have become the norm at Rockstar. They almost never announce anything, but the idea that they announced GTA V in November 2011 and it’s coming out two years later is pretty sad.

"Management implied it would be in their FY:13 numbers when they initially guided to 'more than $2.00' in EPS. They cut that in August to close to breakeven, so we knew the game was delayed last August.

"They said 'Spring' release in October, and here we are in January and they pushed it another three months. The stock reacts negatively because these delays impair the company’s credibility," Pachter said.

Do you see any decrease in sales coming out of this delay for "Grand Theft Auto V"?


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