Analyst: Take-Two working on new Read Dead Redemption and GTA V for X1/PS4/PC

[Eudemon]

Analyst group Baird Equity Research believes that Take-Two is hard at work on a new Read Dead Redemption along with GTA V for the next-gen twins and PC. It's probably no surprised that either of these was going to happen but it doesn't stop it being any more exciting, especially a next-gen RDR!! :drool:

 

“We expect product announcements over the next year such as extending GTA V to other platforms (e.g., PC, next-gen consoles), the next Red Dead, etc., to help improve revenue and earnings visibility. In addition, the company has significant potential to grow digital/onnline revenues, which should help improve gross margins and add visibility to growth.”

 

He added: “We expect PC version of GTA V in 2014. Recently, Amazon.com posted a product listing for a PC-version of the company’s blockbuster franchise Grand Theft Auto V (GTA). While a PC version would not be a big surprise, this indirect confirmation of the game helps to provide some added visibility to consensus F2015 (Mar) estimates.

 

“In fact, we have previously published that GTA-extensions are in the development pipeline, and likely needed for the company to hit FY targets. We also believe the next Red Dead game is in the works potentially for a 2014 launch.”

 

Thanks - VG247