‘Grand Theft Auto V’ passes $800 million in sales on day one

Grand Theft Auto V took in over $800 million on its first day alone.

Take-Two Interactive Studios said that GTA V was easily the biggest launch for the video game company, The Associated Press reports.

The game went on sale in the U.S. on Tuesday. Some countries got it Wednesday, and the game is not on sale yet for Brazil or Japan.

The video game company’s stock rose 1.2 percent to close at $17.20 after the news, Reuters notes. Since Take-Two raised their 2014 fiscal forecast and the buzz for the much-hyped game continued to rise their stock has risen 12 percent.

Analysts say the $800 million is equivalent to 13 million to 14 million copies of the game sold. Daniel Ernst, an analyst at Hudson Square Research said, “The last major Grand Theft Auto title sold just under 13 million in the course of a year.”

The newest GTA release took five years and an estimated budget between $200 million and $250 million, rivaling many big budget blockbuster films.

Some analysts wonder if strong sales of the title can continue. “The focus should now be about the sustainability and whether the title has legs,” Arvind Bhatia, an analyst with Sterne Agee, said.

“Indications are it probably does, as critics and consumers love it, retailers are supporting it in a big way and the installed base of current-generation consoles is very large.”

image: Amazon

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