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article image'Grand Theft Auto V' is expected to rake in $1 billion in sales

By Stan Rezaee     Sep 18, 2013 in Entertainment
According to a report by analysts at Sterne Agee and Robert W. Baird & Co, 'Grand Theft Auto V' is estimated to sell 20 million units and generate about $1 billion in sales.
Analyst at both firms believe that the game could sell more then 20 million copies by the fiscal year end in March 2014 while having the potential to generate $1 billion in sales.
The reports has exceeded Take-Two early expectations that the game will generate between $750 million - $800 million upon its launch while earning $2 billion by the end of the fiscal year.
Arvind Bhatia and Brett Strauser, analyst Sterne Agee, have stated: "Based on our calculations, we think our estimate of 18-20 million units [by end of March 2014] is likely in-line with the company's internal estimate. We see potential for worldwide day-one sell-through of 6.5 million units [and] $400 million for GTA V."
If Grand Theft Auto V is able to gross $1 billion in 14 days then it would beat the record set by Call of Duty: Black Ops II. Back in 2012, Call of Duty: Modern Warfare 3 surprised the entertainment industry when it grossed over $1 billion in 16 days, beating the 17 day record of James Cameron's Avatar.
This would be the second report by a finical firm that has high optimism for Grand Theft Auto V. Back in August, a report by Merrill Lynch expected the game to be one of the biggest online experience and will have potential to revolutionize the franchise.
These reports have contradicted bookmaker William Hill plc wager that Call of Duty: Ghosts will be the bestselling game of this holiday season with the odds being 6/4 while Grand Theft Auto V is going for 4/1.
Grand Theft Auto V is available now and it has been highly praised by critics as one of the greatest games developed.
More about grand theft auto v, Video games, 2013 Holiday Season, Grand theft auto, Video game
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