GTAV could sell 20 million units by March, says analyst

Sterne Agee's Arvind Bhatia says upcoming open-world game has opportunity to perform "substantianlly better" than GTAIV due to larger installed base.

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Grand Theft Auto V has the potential to sell 18-20 million units by the end of Take-Two's fiscal year in March 2014, according to Sterne Agee analyst Arvind Bhatia.

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The game has the opportunity to perform "substantially better" than 2008's Grand Theft Auto IV because the console installed base is now an estimated three times larger, Bhatia said in a note to investors.

Worldwide Xbox 360 sales stand at 78.2 million, while Sony has sold an estimated 78 million PlayStation 3 units since launch, meaning GTAV will release on platforms owned by more than 156 million gamers across the world.

According to Bhatia's data, GTAIV sold-in 11 million units in its first month and more than 13 million units in the first 9 months following release. The game has sold 25 million copies to date.

GTAV launches September 17 worldwide only on Xbox 360 and PS3. For more, check out GameSpot's previous coverage.

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