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Pachter: Sony Won't Make Money on the PlayStation Vita

Outspoken industry analyst Michael Pachter doesn’t believe that Sony has much of a chance of making money on the PlayStation Vita. Speaking on the latest episode of the Pach-Attack, the Wedbush Securities employee described the system as a “joke”, explaining that while it’s a capable device, very few people want to buy one at the current price point.
“The Vita’s a wonderful, wonderful, wonderful piece of hardware, but nobody owns one,” he said. “The reason that they don’t own one is because it’s too good. It does too much, and developers aren’t making games for it because the market is too small. You need a big install base before you get third-party developers embracing a platform, and [that’s not going to happen on the Vita] at the current price point.”

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psp2roundup1217d ago

Sure, the Vita hasn't sold as well at launch, but it has years to go. I believe, the aim was to make money on memory cards at the start, and then from the console over the longer term.

Sony seems confident it has the games support this year, so we'll see.

If it fails, hey I can still play a bunch of great games on the go...

psp2roundup1217d ago

I suspect he meant truck-loads-of-cash-from-huge- sales...

MikeMyers1217d ago (Edited 1217d ago )

Two things have stirred interest in Vita. One is Playstation Plus. The stuff coming out included is pretty amazing. Sony has really turned the service into a great bargain. The second thing will be the PS4. The Vita was made after the PS3 so all those issues right now with Remote Play and cross platform gaming will be greatly improved for the PS4. Gaikai could also play a role in Vita.

I've said from the beginning to give them 2 Christmas seasons before writing off the device. They've only had one so far.

bicfitness1217d ago

How will Sony not make any money? They've been making money off the hardware since day one and the machine is made of off the shelf parts, which are from 2011. Miniaturization and mobile progress ensure that the cost of materials will CONTINUE to decline. So Sony's profit on every Vita will continue to increase.

Regarding games, they're launching 2-4 with each weekly update and projecting over 100 for the year - including AAA releases. Patcher has consistently proven that he is as wrong as he is right, so I wouldn't get too upset about anything the man says.

Malice-Flare1217d ago

to these people, if it's not iPhone-type sales or, at least, DS-like (not 3DS) sales, it is a failure and no money is made...

Snookies121217d ago

Whew, this is good news. Pachter saying this means that Sony will DEFINITELY make money on the Vita! :]

rainslacker1216d ago (Edited 1216d ago )

I'm kind of surprised this whole "Whatever Patcher says, the opposite is true" hasn't become an internet meme by now.:)

Also...is it just me, or does Patcher seem no better than any other random person posting on a forum. He's somewhat knowledgeable about the industry, but fails to look at the bigger picture when commenting. I don't think the guy is stupid...far from it...but really everything he says I can see here, and other forums, on a daily basis...often with more accuracy.

LordOfAdmirals1217d ago

patcher is hardly ever right. just put money on the opposite of whatever he says.

Good_Guy_Jamal1217d ago

They didn't make money on the ps3. Wouldn't be suprised if they didn't make money with Vita.

xXBlondieVanHarlowXx1217d ago

You really don't live up to your name do you Jamal?

Next time choose Common_Sense_Jamal as a name instead. At least then people will get an ironic chuckle.

Porcelain_Chicken1217d ago (Edited 1217d ago )

Do you not see the sign Blondie?

[Do NOT feed the trolls]
__________l
__________l
__________l

Please move along. Nothing to see here. :b

xXBlondieVanHarlowXx1217d ago

@PorcelainChicken

My bad Chicken, i didn't see it i swear!! lol

HiddenMission1217d ago

@jamal

How do you still have bubbles..you be trolling kid

PS3 has made money for what 3...4 years now something like that. Were not talking $200 a unit profit but last time I checked they were making $70 or so with each unit sold.

Only 3 things have held the Vita back from killing it in the mobile gaming market 1) No monster hunter...Sony dropped the ball here I'll admit that 2) Price still a bit too high for the average consumer and 3) New IP's made for the Vita that have mass audience appeal or ports of games that gamers want on the go...which they will get very soon...Japan support to save the day.

So if you are going to troll please do it right because you make yourself look like a clown when you fail on such an epic level!

Good_Guy_Jamal1216d ago

SONY lost 5 billion on the PS3. They've been making money since 2010 but nowhere near recouping their losses.
Heck they made 60 million during the last holiday season, the most lucrative time of the year.

They are still very far away from making an overall profit on the PS3 and I'll call it as I see it @Blondie if that's not displaying common sense then so be it.

Lvl_up_gamer1216d ago

@ Good_Guy_Jamal

Actually, Sony lost money in Q3 (holiday season) and only made 6 million in the gaming division during Q3.

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