Investor: the internet accurately predicts the console wars

Roger Ehrenberg at Information Arbitrage believes the collective internet accurately predicted the status quo of video games better than Wall Street; a reality where Wii currently sells like hot cakes, the PS3 not so much, with the 360 somewhere in between. "The internet conversation has been an incredibly good predictor of the actual outcomes for Nintendo, EA and Sony. While the game is certainly not over, it is pretty amazing to consider how directionally correct all of these online experts and users have been."

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Silver3604897d ago

This article seems truncated. I see conclusions reported without any proof.

greenlynxx4897d ago

What do you mean no sources? The author listed over half a dozen internet sites and their comments regarding the Wii.

I do think it is interesting that not even EA has any idea where this war is going. One thing I think is significant is that brand loyalty does not seem to be as strong of a determiner as companies think.

techie4897d ago

Who is the internet? What is the internet? What counts for an overall opinion on the net? Who's right, who's wrong? it's all unreliable - it might give you a sign of whats happening now, but in no way can it tell you what's going to happen in the future.

If you quote an iternet site in academic work you're most likely marked down - because it's most likely BS.

gogators4897d ago

Though I agree no one can know where things will go this generation.

TheExodus4897d ago

I find it hard to believe that anyone in the industry was actually caught off guard by the Wii's runaway success given that the PS3's pricing assured it would have no competition for the console market. Xbox 360 will never grow itself out of niche status at $399 & PS3 only proves that $599 is more than the console market is willing to spend & a "hardcore" market simply doesn't exist. I suspect what actually caught the industry off guard is how few "hardcore gamers" (aka. PC gamers) were interested in PS3, but that market exists for many reasons with value not being one of them.

hfaze4896d ago

- PS3: 23,431 4,704 (25.12%)
- PS2: 16,033 1,507 (8.59%)
- Xbox 360: 4,811 1,319 (21.52%)

And that's only after Virtua Fighter 5...

Speaking of Virtua Fighter 5...

Virtua Fighter 5 gets top spot in Japan

* Virtua Fighter 5 (PS3) - 48,346 / new
* Wii Sports (Wii) - 45,897 / 1,004,555
* Wii Play (Wii) - 36,090 / 879,432
* More Brain Age (DS) - 32,800 / 3,963,712
* New Super Mario Bros. (DS) - 29,026 / 4,118,078
* Grand Theft Auto: San Andreas (PS2) - 27,519 / 304,113
* Wario: Master of Disguise (DS) - 26,815 / 185,695
* Harvest Moon: The Island I Grew Up On (DS) - 26,804 / 106,212
* Luminous Arc (DS) - 25,676 / new
* J-League Pro Soccer 5 (PS2) - 24,468 / 131,541

VF5 is the top selling game in Japan, outselling Wii Sports and Wii Play even though there's 4x more Wii hardware out there in Japan than PS3's... Can you say "system seller"? And VF5 isn't even the most promising PS3 coming up...


Sony PS3 leads in Amazon UK Top Selling Video Games

Hmmm... doesn't sound like a stillborn system to me...

Now, I'll agree that the Japanese and North American launches of the PS3 were WEEEEEEAK... And I'm still pissed off about Tekken 5: Dark Resurrection being available on the Asian PS Store since Dec. 28'th, and STILL not available here...

But then again the PS2 launch friggin SUCKED... And that didn't stop the PS2 from being a success.

TheExodus4895d ago

Selling 2,449 copies more than a title that's been out since the Wii's launch & that already over 1 million people own is definitely an accomplishment. Given the numbers VF5 appears to have lured 4,700 people to the PS3, but I'd hardly call it a system seller.

neogeo4897d ago

Sure Japan will buy mostly there own products. When did Americans give a hoot about a brand name? unless there stock was in it. I bet bill gates has a Sony LCD tv somewhere in his pad. He buys it because it happens to be the best at the time he decided to buy a TV. If the next great line of Car stereos are made by a company named Craphole, Americans will all bump Craphole branded stereos all though your neighborhoods.

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