
National Alliance Capital Markets analyst Mike Hickey told Game Informer: "It seems unlikely that Rockstar Games would launch both Max Payne 3 and GTA 5 in the month on May. Therefore, we have shifted our original expectation for GTA V to launch in May 2012, into the Company's 2013 fiscal second-half operating period.
"We remain confident GTA V will ship in calendar year '12, based on an assumption that Rockstar is using a sub 12 month marketing window for GTA V and the company's fiscal 2013 performance guidance, which would suggest the game's release."
EEDAR's Jesse Divnich said: "[Take-Two] are still saying they will achieve $2.00 earnings per share in fiscal 2013, so Grand Theft Auto V has to come out by March 2013."
Wedbush Morgan Securities analyst Michael Pachter commented: "Although GTA V may still launch in FY:13, predicting the actual release date is difficult due to a crowded pipeline.
"I don't know if [Max Payne's delay] means a full year gap, but very likely six months. Too bad, as I think Grand Theft Auto V would benefit from giving Call of Duty some breathing room."
Analysts including Pachter and Hickey previously predicted a summer 2012 release for GTA 5.
http://www.computerandvideogames.com...2013-analysts/