The news has come after it was announced that Distributor Take-Two's other upcoming project, first-person shooter BioShock Infinite, would be delayed.
Take-Two's investors are genuinely disappointed with the news and the company's stock dropped six percent when the announcement was made official. However, this could arrive as a blessing in disguise. According to an email from Michael Pachter of Webush Securities to Joystiq, In our view, the delay opens the window for Grand Theft Auto V to be released in October 2012.
Pachter believes that the Bioshock delay is not necessarily a chance occurrence. Rockstar had already informed the publisher that GTA5 would be ready by October, and thus BioShock Infinite was offered a few extra months of development time. This was done so that the two titles wouldn't clash and end up competing with each other.
He has said that Take-Two has an upcoming earnings call which is scheduled to take place in a couple of weeks, and there is a chance that more about the release date could be revealed at that time.
Moreover, E3 is on its way and more light could be shed on the matter then, if not at the earnings call, according to a Joystiq report.