- Were expectations too high? Even though Grand Theft Auto V's launch day has yielded plenty of long lines and a Metacritic score of 98/100, Take-Two (TTWO -2.3%) has given back its premarket gains, and is now down 4% over the last two days.
- Reviewers glow about GTA V's movie-like realism, use of multiple protagonists (or are they antagonists?), and freewheeling plot lines. Polygon: "GTA V is a bridge between games' present and the future." Joystiq: "The open-ended gameplay remains a showpiece for the vast amount of content that can be poured into a virtual world."
- Wedbush's Michael Pachter thinks GTA V will see 20M-25M unit sales over its lifetime, and generate up to $1.57B in revenue for Take-Two. But as Pachter notes, Take-Two shares have already priced in a lot of good news.
Take-Two gives up early gains in spite of stellar GTA V reviews
Sep 17 2013, 14:28 ET