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Wedbush Forecasts 20% Growth In US Game Console Software Sales For February

Wedbush Morgan Securities expects a 20 percent year-over-year rise in US game console software sales for February; PlayStation 3, Wii forecasted to have sold 200K and 350K during the month, respectively.

In a note to investors, analyst Michael Pachter predicted software sales of $415 million, up from $345 million for the same month a year ago.

The total monthly estimate includes $240 million in "new" platform sales (PS3, Wii, Xbox 360, DS and PSP), representing year-over-year growth of $140 million, or 141 percent.

Pachter forecasted sales of current generation software to decrease by $70 million, dropping to $175 million for February. PS2 software sales are expected to reach sales of $120 million, continuing its strong sales and relatively slow decline.

As for attach rates for the newest consoles, Pachter said that both the Wii and PS3 may reach 2.4 units each (he told Next-Gen that he assumes 480K pieces of PS3 software sold during the month).

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