Take-Two's Q1 profits skyrocket 74 percent San Andreas sales now exceed 12 million units; publisher has $300 million war chest--and that's cash.
Take-Two president and CEO Paul Eibeler called the company's first quarter of fiscal year 2005, which ended January 31, 2005, as one that is "off to a great start."
Talk about an understatement.
The company's first quarter sales totaled $502.5 million, which compares to $375.5 million for the first quarter last year--an increase of 34 percent. That's the top line. But it's the bottom line that should be keeping day-traders and institutional investors plotting their next move. On cumulative unit sales of Grand Theft Auto: San Andreas that top 12 million units, the company banked $55.2 million in profit for the quarter, a 74 percent increase over the same quarter a year ago.
"We are extremely pleased with the continued success of Grand Theft Auto: San Andreas and Rockstar's plans to extend the reach of this blockbuster title to multiple platforms and the Asian market later this year," Eibeler said today in a statement.
Additional news from today's earnings call will follow shortly.
Queda demostrado que no solo es el precio abusivo de los juegos y la piratería lo que bajan las ventas, cuando hay juegos de calidad la gente se gasta el dinero.
Salu2.
