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GTA V to sell 20m copies by March: analyst

An investment analyst has tipped the upcoming Grand Theft Auto instalment to sell 18-20 million copies by March 2014.

Nic Healey Senior Editor / Australia
Nic Healey is a Senior Editor with CNET, based in the Australia office. His passions include bourbon, video games and boring strangers with photos of his cat.
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Nic Healey

Arvind Bhatia, an analyst with long-running investment firm Sterne Agee, believes that GTA V could sell as many as 20 million copies by March 2014, the end of Take Two Interactive's financial year.

(Credit: Rockstar)

In his investment report, Bhatia noted that GTA V has the opportunity to sell "substantially better" than GTA IV, in part because the install base for consoles is now three times larger than it was in 2008.

CNET Australia's sister site GameSpot reported that the combined sales of Xbox 360 and PS3 consoles offer a potential audience of 156 million for the title.

The data cited by Bhatia has GTA IV selling 11 million copies in its first month alone. Its sales to date stand at 25 million.

GTA V launches on 17 September for the Xbox 360 and PS3.