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Wii Price Cut a Must to Keep Demand Steady, says Pachter

Has Nintendo peaked? That's the question essentially raised by Wedbush Morgan Securities analyst Michael Pachter.

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tunaks12662d ago (Edited 2662d ago )

"Stop talking says Tunaks1"

Suga Shane2661d ago

Agreed! And this whole:"The DSi’s $169 price point and the DSi XL’s $189 price point make the purchase of a $199 iPod Touch more tempting in 2010" is nonsense. It is just my opinion but I don't believe that people purchase the ipod touch when looking for a portable gaming system.

Mahr2661d ago

"Wii Price Cut a Must to Keep Demand Steady"

But demand doesn't work that way.

"we expect the other consoles to be lower-priced by then, further eroding the Wii’s competitive price advantage"

I'm curious as to whether this lower price-point is going to be before or after Move and Natal are released.

asdr3wsfas2661d ago (Edited 2661d ago )

It gets better, found another article by him posted today:

"According to Pachter, the slump in Nintendo's profits is a result of its reluctance to announce a successor to the Wii, poor third-party support and an uninspiring release schedule."

The wii 2 delay is hurting them one quarter after breaking console sales records? Does he think they should have released the wii 2 before they made bank on existing stock or now, half a year away from Christmas? He isn't even trying to sound credible anymore.

Mario, Zelda, and Metroid arrive this year with S and P coming in a couple months. That is the best Nintendo release schedule I've ever seen.

He's getting paid to say this. Remember when he apologized for insulting the PSPgo? I heard they took back one of his porches.

Mahr2661d ago

"According to Pachter, the slump in Nintendo's profits is a result of its reluctance to announce a successor to the Wii"

Wow, he really does only know one song.

"Mario, Zelda, and Metroid arrive this year with S and P coming in a couple months. That is the best Nintendo release schedule I've ever seen."

That statement would be true even without those first three games, though.

asdr3wsfas2661d ago (Edited 2661d ago )

Agreed, I only preordered SMG2 cause the 20 dollar amazon credit can help with Sin and Punishment.

Together they show how Pachter isn't even a fucking analyst. Most of them look at data or past sales. He essentially speculates wild bullshit with no past data or trend prediction.

Then he sells his "analysis" to companies like Sony, probably with the implicit understanding he'll act as PR. Meanwhile they'll use his report to placate furious investors while protecting execs from their previous decisions.

It's the most obvious sham marriage I've ever seen. Why would anyone give away their analysis unless it was actually worthless? He has been wrong for fucking years and people are still paying him for something.

The interesting question is whether Pachter knows his role or is too narcissistic to accept it. I heard he's a lawyer so I bet the latter.

Shendow2661d ago

Wii: $149
360: $149
360 Elte: $199
PS3 Slim 120GB: $149
PS3 Slim 250GB: $199

Their that should do it for everyone, I think thoses are some pretty nice prices an not to low Vs what they are now. Then again, my gf has the Wii an right now I got a 360 Elite an will be getting a PS3 Slim 120GB(Not like it matters with 500GB HD) coming next month for me.

NothingToGainButLove2661d ago

I highly doubt a PS3 price cut yet. I'm sure Sony appreciates the numbers the PS3 is selling at now and would like to continue making profit off of it than to bleed more cash.

I also think the 360 will always aim to have one of its SKU's to be cheaper than the lowest-costing PS3. That's generally more appealing to the customer's eyes.

thehitman2661d ago

I do think their will be a ps3 price-cut to go along w/ the new SKUs that will be bundled with Move. Ps3 will probably get dropped 50 dollars + move will probably be worth like 50 dollars keeping the 299 value. Nintendo dont NEED a price drop but it will really hurt move sales if they did do a drop if Nintendo decides to say FUCK YOU SONY!!! they can drop the price. Natal wont affect any sales either way so Nintendo will probably sit back and see how well received Move is before making a decision.

Mew2661d ago

Why does everything that comes out of Patcher's gets posted on N4G? "Has Nintendo peaked?" Hopefully they'll hit rock bottom.

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