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JUNTake 2 Interactive Reports Financial Results
GTAGaming.com - General News | @ 07:25 AM MDT | By Neil
Take Two Interactive Software today reported its Q2 2004 financial results. Net sales for the period were $153.4Million, compared with $193Million over the same period in 2003. Perhaps more importantly, the company reported losses of $14.6Million, compared to $14.6Million income last year. This can be partly contributed to the fact that Q2 2003 was only shortly after the release of Grand Theft Auto: Vice City, and Midnight Club 2 had just appeared on shelves.
Take Two also announced that sales of Grand Theft Auto: Vice City, which has already been a success in other territorise, have been high after its introduction in Japan under an agreement with Capcom. The game, launched in the country earlier this year, had sold approximately 300,000 copies as of May 30th, 2004, making it one of the most successful western games ever to be launched in Japan.
Take Two has also revised its guidance for the third quarter of this year, and for the fiscal year, which ends October 31st 2004. The company is now anticipating lower than expected sales of its products which are released during the time, and has changed a number of items in its release schedule. Importantly however, the company's hyped title "Grand Theft Auto: San Andreas" was confirmed to be on track for its 19th October USA release and 22nd October European release.
Rockstar will introduce Grand Theft Auto: San Andreas, the next iteration in the globally successful franchise. Developed by world-class designers Rockstar North, Grand Theft Auto: San Andreas will be available exclusively for the PlayStation 2 and is expected to be in stores in North America on October 19, 2004 and in Europe on October 22, 2004. Rockstar has begun previewing the game to key trade publications and the title has already graced the cover of the June 2004 issue of Game Informer magazine in which the first information and screenshots were revealed to the public at this year's E3 in the magazine's feature story.
-- Take Two Interactive Software Press Release, June 8th 2004.
It is clear from this comment that more previews will be appearing in magazines, such as Official UK Playstation2 Magazine, which is on sale later this month.
The entire press release can be read at Take Two Interactive's Investor Relations Page
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