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Pachter: Hardware Momentum Rolls Through '07

Wedbush Morgan analyst Michael Pachter predicts that the recent spike in hardware sales will continue to rise modestly through the remainder of 2007, while software sales growth will continue well into 2008.

Pachter suggests that hardware momentum triggered by previous price cuts and the release of Halo 3 is set to continue following the introduction of new PlayStation hardware, while software sales will show no signs of slowing.

"We expect the introduction of the slim PSP and the 40Gb PS3 will result in a modest increase in hardware sales over the remainder of the year.

"We continue to believe that better than expected PS2 software sales this year (down only 24% year-to-date compared to our forecast of down 32%) will drive overall growth well into next year, and we expect next generation console software sales growth to highly correlate to any increase in the rate of PS2 software sales decline."

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