'GTA V' delayed to September

Rockstar have announced that their much anticipated title, Grand Theft Auto 5, has been delayed to September.

The game was initially due to launch at some point this spring on the Xbox 360 and PlayStation 3. Rockstar has stated that additional information will be announced at a later date.
“Grand Theft Auto V continues to push the series forward in new ways; Rockstar North are creating our deepest, most beautiful and most immersive world yet,” said Sam Houser, founder of Rockstar Games. “We are very excited for people to learn more about the game in the coming months.”
Video Games analyst for Cowen & Company - Doug Creutz - had this to say about the delay;
“In and of itself, the delay of the game from FQ1 to FQ2 would not normally mean any significant change to expected FY14 financial results,” Creutz stated in a financial note. “However there is an issue in that we expect the next generation of Xbox and/or PlayStation consoles to launch in the December quarter.

“We think the closer proximity of GTA V to the next cycle could, at the margin, impact lifetime sales of the title, though we believe that a title of GTA’s stature will still be a major seller regardless. We think there also could be some impact on the legs of likely GTA V downloadable content as the next-gen installed base increases through 2014.

“However, we suspect Take-Two may have plans to eventually publish GTA V on the next set of consoles in some form to offset this.”
We'll keep you updated.