Gamers will have to wait until 2012 at the earliest to get their hands on the next instalment in the blockbuster Grand Theft Auto franchise, Janco Partners analyst Mike Hickey has said.

In a new analyst note, Hickey said Grand Theft Auto V is likely to release in Take-Two's 2012 fiscal year, which runs April 2012 through March 2013, selling 16 million units and generating $750 million.

That's not the only blockbuster release Take-Two will have in the year, with Hickey predicting BioShock: Infinite will sell four million units, making $182 million.

The publisher is expected to be without both GTA and Red Dead in fiscal 2011, but Hickey expects LA Noire, Max Payne 3 and Duke Nukem Forever to be sales drivers for the year.

Via GameSpot

As of June 2010, GTA 4 had sold 17 million units. Given the steady sales for the title it must be closing in on 20 million by now and we'd expect unit sales for the next instalment to equal or better that.

GTA4 was released in April 2008, which means four years would have passed come April 2012, should Rockstar decide to go for the same release window as the previous game. The publisher also had great success with the May launch of Red Dead Redemption, although originally planned to launch the title at the end of April, mimicking the launch of GTA4.