Pachter: Take-Two Could Delay GTA IV
Posted by XanTium | June 1 22:59 EST | News Category: Xbox360
Take-Two's new management might "throw in the towel" on fiscal 2007, pushing Grand Theft Auto IV back a few weeks to make for a more solid fiscal 2008, stated Wedbush Morgan analyst Michael Pachter in a note to investors today.
Currently, GTA IV is slated to release simultaneously on Xbox 360 and PlayStation 3 on October 16, just before the end of the fiscal year.
There's also the Halo 3 factor that Take-Two could take into consideration. "We believe that a two-week delay would provide a reasonable gap between the launch of Halo 3 and the launch of GTA IV, and would actually help sales of both games," wrote Pachter.
Pachter even said that there would be advantages to launching the $90 collector's edition GTA IV SKU on the originally planned date. "...A delay of the 'normal' SKU for GTA IV by two or three weeks could allow Take-Two to maximize revenues from the $89.99 Collector's Edition of the game by shipping that SKU on October 17, and to increase overall profitability," he said.
Full Story: next-gen.biz