July 1st, 2009 by Ben Gilbert
Normally when Wedbush Morgan analyst Michael Pachter whips out his crystal ball and starts getting the vapors, he doesn’t have time to turn on his minirecorder and take down the futurespeak channeled through his body. Luckily for us (and you!), he not only recorded it this time, but also wrote it down in the form of the 2009 Interactive Industry Report! We delved through the beast of a document this afternoon and found an interesting segment regarding the Nintendo Wii relying on “slower adoption rates of current generation technology” (read as: high-def displays) to help boost sales.
Pachter writes on page nine of the report, “The global recession served to benefit Nintendo at its competitors’ expense,” referencing Microsoft and Sony as having slower console sales this generation due to HDTV functionality built into the systems. He argues that consumers who might purchase the Xbox 360 or PlayStation 3 are more likely to buy the Wii not only because of the lower price point, but because of the subsequent HDTV purchase price. “Expect most consumers to defer purchasing a PS3 or an Xbox 360 until they have purchased an HD monitor,” Pachter explains. Though we’re not convinced that the same folks who would be purchasing an Xbox 360 or a PS3 would be running out to buy a Nintendo Wii in every case, we digress. What say you, Joystiq Biomass?
Pachter: Nintendo is benefiting from global recession side effects originally appeared on Joystiq on Wed, 01 Jul 2009 04:00:00 EST. Please see our terms for use of feeds.
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April 18th, 2009 by Ben Gilbert
Michael Pachter, analyst for Wedbush Morgan, isn’t freaking out, and he wants you to know that you shouldn’t be either. He notes, while speaking on the subject of March NPD numbers, that even though the month saw hardware sales numbers drop across the board, that really has more to do with extraordinary sales for all comparable months. Speaking with GameSpot, Pachter said, “It’s entirely possible that we were just up against an impossible comparison … we’re looking at a comparison to Grand Theft Auto IV in April, so it’s likely that April will be down as well,” referring to the release of Super Smash Bros. Brawl in March of 2008 and the subsequent month’s GTAIV.
What he does find worrisome, however, is declining Wii software sales after a year of strong console sales, reportedly doubling the system’s installed-base. “Given that the installed base of Wii consoles has doubled in the past year, we find it remarkable (and somewhat disconcerting) that Wii software sales were actually down year-over-year in March, dropping by $72 million, or 26 percent.” Pachter doesn’t see the future as grim though, pointing out that this summer’s release of Wii MotionPlus and Wii Sports Resort should put some wind back in Nintendo’s sales sails. We’ll just have to wait ’til August NPDs are released to find out!
Source 1 - GameDaily
Source 2 - GameSpot
Pachter calls March Wii console sales ’somewhat disconcerting’ originally appeared on Joystiq on Sat, 18 Apr 2009 15:00:00 EST. Please see our terms for use of feeds.
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March 31st, 2008 by David Hinkle
Filed under: News
Michael Pachter is at it again. This time, of all people, he spoke with a writer for the Dallas News. Now, we’re not experts in this institution that reports real world news, but we do know that video game news tends to usually fall below their radar. But they care about the Wii because, well, everyone and their grandmother bought one.
Regardless, Pachter did, and he is saying that those of us in the U.S. need to blame it on the rain the Brits. You see, his estimation is that due to the weak U.S. dollar and high demand for the console in the UK, Nintendo has been shipping more consoles over there because they profit more from sales in that country. This has supposedly been the reason that store shelves in the U.S. still don’t have the console stocked.
His belief is that the console will be more readily available in the U.S. later on this year, when the dollar is expected to bounce back some. Based on the fact that the console released over a year ago, though, we’re not going to hold our breath.
[Thanks, Matt!]
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