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Analysts Say GTA V Won’t Stop Industry Decline

Josiah Renaudin by Josiah Renaudin
July 8, 2012
in News
Analysts Say GTA V Won’t Stop Industry Decline

Even during the dreaded summer doldrums, great games seem to be releasing both digitally and through retail. Software quality has been though the roof, but sadly, that hasn’t quite translated over to retail success.

Sales have been sullen in 2012 and while few expect Rockstar’s open-world blockbuster to release this year, many analysts believe a surprise 2012 launch for Grand Theft Auto V wouldn’t even make up for the poor start.

“Given the current momentum of the market, I doubt any major releases, even one of GTA V’s size, would push the physical markets back into the positives,” said EEDAR analyst Jesse Divnich to VentureBeat. “The traditional gaming sector is under an enormous amount of downward pressure at the moment, and it will require a strong catalyst to shift that momentum.”

GTA V is expected to pull in some impressive numbers, but it just doesn’t look to be quite enough to make 2012 a success. It’s a disappointing piece of news to hear, but with this being the calm before the expected hardware storm, it’s difficult to be surprised.

Do you even think we’ll see GTA V this year? Are you planning on stimulating the economy and picking it up? Let us know what y0u think in the comments below!

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