Pachter says GTA V will be released next year

Michael Pachter has said that gamers can expect GTA V next year.

According to the analyst, Rockstar has been working on it for quite some time, but declined to tell Wedbush Morgan Securities  when it will be released.

"Management declined to state when the game will launch, but has confirmed to us that the game is in development, has been for over a year, and is using the same game 'engines' as the last version." he said.

"Management also told us that the team at Rockstar North is highly motivated to get the game out, and that the team understands that its highest payday will come from working on GTA instead of any other game.

"When we do the simple math, we conclude that the next installment is likely to be completed by some time in 2010, although given the frequency of game delays, it is not clear that it will necessarily come before October 31, 2010."

More over on CVG.