Delays are not unusual for “Grand Theft Auto” games or Take-Two. “Grand Theft Auto IV” was originally supposed to come out in October 2007, but instead came out in April 2008.
One of Take-Two’s other big sequels this year, “Bioshock Infinite,” was first announced for release in October 2012. It was pushed back to February of this year and then again to March.
While delays can disappoint investors because they mean potential profits will be delayed, too, they don’t always mean the games are in trouble or will have weak sales. The tardy “Grand Theft Auto IV” was a blockbuster success, ultimately selling more than 25 million copies.
In midday trading in New York on Thursday, Take-Two shares were at $12.09. Earlier in the day they had dropped to as low as $11.55.
Leave A Comment
You must be logged in to post a comment.