uploads/2016/02/25.png

Grand Theft Auto Continues to Generate Revenues for Take-Two

By

Updated

GTA remained popular among gamers in 2015

Take-Two Interactive’s (TTWO) video game Grand Theft Auto V (or GTA) was released on November 18, 2014, for Sony’s (SNE) PS4 and Microsoft’s (MSFT) Xbox One and was highly popular among gamers in the holiday season of 2014. Analysts predicted a YoY (year-over-year) decline in earnings for fiscal 3Q16. However, this was not the case as GTA continues to deliver for the firm in the holiday season of 2015.

Article continues below advertisement

Grand Theft Auto has sold over 60 million units globally and across all platforms. The game also entered the Guinness World Records as the fastest videogame to gross $1 billion and for the “Highest Revenue generated by an entertainment product in 24 hours.” It is also the fifth-largest selling game in 2015. Activision’s (ATVI) Call of Duty: Black Ops 3 was the biggest-selling game in 2015.

An impressive year for video games

According to Gamerant.com, 2015 was a spectacular year with respect to video game sales. It stated that PS4 and Xbox One continued to see a growth in sales, which increased 48% YoY. Old-gen consoles saw a fall of 53% YoY, indicating that consumers are “finally ready to make the transition.”

In fiscal 3Q16, Take-Two Interactive (TTWO) released NBA 2K16 for Android and iOS (AAPL), as well as WWE 2K16 for PS3, PS4, Xbox 360, and Xbox One. To gain exposure to Apple, you can invest in the Technology Select Sector ETF (XLK), which holds 15.8% of Apple.

To gain exposure to Apple, you can invest in the Technology Select Sector ETF (XLK). Apple constitutes 15.8% of this ETF.

Advertisement

More From Market Realist