Submitted by MariaHelFutura 252d ago | news

Game sales to dip 20% in January on current-gen weakness - Wedbush

Wedbush is expecting hardware sales of 350,000 Xbox One units and 375,000 PS4 units in their third month of release, with the Wii U bringing up the rear at just 60,000 units (although that would still represent a five percent increase year-over-year). (Industry, PS3, PS4, Wii U, Xbox 360, Xbox One)

NYC_Gamer  +   252d ago
" Wii U bringing up the rear at just 60,000 units"

I really hope those low numbers aren't legit for the sake of Nintendo
TheEnigma313  +   252d ago
They are legit unfortunately.
xHeavYx  +   252d ago
Since "next-gen" consoles are already here, shouldn't we call those "current gen"? Shouldn't the PS3 and 360 be previous gen?
gaffyh  +   252d ago
@xHeavyx - This is why you should go buy gen numbers, 7th Gen = PS3, 360, 8th Gen = PS4, XB1
7.5 Gen = Wii U.

:p, sorry just had to.
VENOMACR1227  +   252d ago
If Nintendo would go back to making an actual gaming machine, not Wii U or having to throw your hands around like your having a seizure, I think they would do well. N64, Gamecube, all did well and I enjoyed a lot of their games. But walk into GameStop, look at the used Wii games, and proceed to laugh. Get back to Mario, Zelda, DK, Metroid, all the originals.

I just don't think next gen has a place for Nintendo right now. It's MS and Sony territory right now (not counting handhelds).
WrAiTh Sp3cTr3  +   252d ago
Nintendo will be alright they have 85 billion dollars to work with.
ThePope  +   252d ago
Their struggling pretty hard. This reminds me of the Sega Saturn, when the PS1 launched.
Eonjay  +   252d ago
I honestly want to know if people think Donkey Kong is going to change this.
Loadedklip  +   252d ago
Since DK is 2D ... I doubt it will have that "MUST HAVE" feel to it for a lot of gamers. It's more of a game you get once you already have the system ... not a game you get a system for.
mydyingparadiselost  +   252d ago
Donkey Kong will not change this, nor will any other single game save for MAYBE SSB or Mario Kart. But Donkey Kong, Bayo, X, the previously mentioned games, some hopefully on the horizon Direct announcements and some decent indie support all together will hopefully at least help.
scissor_runner  +   252d ago
I think it is the collection of games that will do it.
GordonKnight  +   251d ago
I don't think it's a system seller, but a must if you're a Wii U onwer.

Mario Kart 8 & Smash Bros are the console seller. I think if they opened up the VC library with N64 & GC games that would help a lot.
ozstar  +   252d ago
"Current Gen Weakness"

Not "Wii U weakness".

Just to clarify that your quote is out of context crap as per usual.

Btw, if the PS4 and XBone were really successful, shouldn't they have taken up the slack from the drop in last gen console sales since Jan. 2013?
Batnut00  +   252d ago
Well January has been a bit of a slow month. Waiting to see how mid-feb to March look.
OrangePowerz  +   252d ago
So Pachter makes his "predictions" based on NPD numbers he already got. Not hard to predict something if you have already a piece of paper that states the numbers.

January was very week with basically Tomb Raider being the only big release.

PS4 is supply constrained, but not the other next gen console.
#3 (Edited 252d ago ) | Agree(12) | Disagree(6) | Report | Reply
Software_Lover  +   252d ago
darkride66  +   252d ago
Whenever I read "Wedbush" now I instantly think "What's Pacther spouting off about this time?"

Seriously, that joker is doing nothing for their brand. I'm sure they have fine investment analysts working there but there's no doubt in my mind that their reputation has to have suffered overall within the investment community with Pacther's seemingly endless rantings. At some point you have to weigh the publicity they receive from this guy's babbling versus the damage it does to the reputation of the competent analysts you have working for you that do their jobs without making hit mongering statements meant to stir up controversy.
#3.2 (Edited 252d ago ) | Agree(6) | Disagree(2) | Report | Reply
Loadedklip  +   252d ago
Disagree ... you are taking about Wedbush ... so clearly Pachter got them in your mind.
darkride66  +   252d ago
Sure there's some brand recognition there, but not in a good context. It's like saying "That Toyota commercial made you think of that terrible Toyota you once owned." The fact that the mere mention of "Wedbush" makes me think of an arrogant, out of touch attention monger isn't a good thing for the company, in my opinion. I'm retired from the brokerage industry now..but if I was still managing portfolios for my clients, the fact that I think of Pacther whenever a Wedbush-Morgan analyst report were to hit my desk isn't a good thing for the company or the value I would place on their research reports based on my negative opinion of that windbag.
Eonjay  +   252d ago
"This Thursday, The NPD Group will release its January 2014 video games sales report, which Wedbush Securities anticipates will reveal..."

So no they don't have it yet. They are predicting this Thursdays numbers. But this is good. I want to see just how accurate their predictions are.
OrangePowerz  +   252d ago
NPD will officially release the numbers on Thursday or to be more precise they will say who got first, second and third place since ypu have to pay now a fortune to get the actual numbers. I doubt a financial analyst company gets them on the same day they release them in general.
WeAreLegion  +   252d ago
I don't think those numbers are correct. The Wii U sold over 40,000 in one week and I doubt the numbers for the other two are that low, either.
kingdip90  +   252d ago
Wait until people in the US start getting their tax refunds... hardware sales will jump up considerably
Eldyraen  +   252d ago
I've known a lot of people that do this.
Gunstar75  +   252d ago
Sales of everything fall in January because everyone is skint after Christmas
MasterD919  +   252d ago
Need more new games....period.
SageShinigami  +   252d ago
Crap sales are expected. In fact, 20% is actually pretty small considering:

A.) We're coming out of Christmas
B.) Literally nothing worth talking about came out last month.

By April, looking at March numbers, we'll probably be up YOY.

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