Robert W. Baird analyst Colin Sebastian says Rockstar's open-world game to hit next-generation consoles next year to "extend the value of the franchise."
According to Robert W. Baird analyst Colin Sebastian, Rockstar Games' open-world game Grand Theft Auto V will be released on the PlayStation 4 and Xbox One in 2014.
In a note to investors today, Sebastian said releasing the game on next-generation platforms would "help extend the value of the franchise."
GTAV launched on Tuesday and generated $800 million in 24 hours, setting a launch-day record for parent publisher Take-Two Interactive as well as the Grand Theft Auto series overall.
Sebastian called this figure today the "largest entertainment property launch in history."
"We are now modeling 13-14 million units shipped in F2Q. We believe there is still potential upside to our targets," he said. "However, given the possibility that sales of GTA are front-loaded, we will await further sales data before adjusting our expectations further.