Michael Pachter believes Grand Theft Auto V is unlikely to release in 2012 due to Rockstar's absence during E3.
The Wedbush Morgan analyst previously predicted the game would launch during October 2012 because of Take Two's BioShock Infinite getting delayed to 2013. He also said Rockstar may show GTA 5 during E3, but that obviously didn't come into fruition. Due to this, the game will now most likely launch next year.
"There was no announcement of Grand Theft Auto V at the show, making a pre-holiday release less likely. Company management confirmed that it would most likely notify retailers of a GTA release 3 – 4 months prior to launch, suggesting that a GTA release date announcement is virtually certain to occur by November."
A 2013 release seems more plausible with Rockstar's parent company Take Two expecting $1.75 to $1.85 billion for the fiscal year ending March 31, 2013. Analysts said the figure can only be achieved if GTA V is released during that time frame.