Responding to the June 2009 NPD Group Sales data, Wedbush Morgan Securities analyst Michael Pachter said that declining Nintendo Wii and PlayStation 3 sales can be attributed to the market for those consoles drying up at current price levels.
Isn't it time you made more predictions that you probably got from tossing darts at a target? I thought the PS3 would be #1 by 2008. Then 2009. Now 2013? Hey, how about 2035?
was so fervent and palpable between 2006 ~ 2008. Now it seems that the oracle has fallen to the status of an interstate-side fortune teller. Results? 6 one way; and half a dozen the other.
so in that same logic the xbox 360 price drop shouldve jumped it to wii's sales nummbers huh Pac? Its summertime the slow season of gaming. Some Analyst.
he predicts a price cut for the ps3 in oct this means we will see no price ct for the ps3 in oct
It’s really silly seeing him and some of the fanboys because they don’t take a look at anything other than video game side of Sony. Sony as a company posted several major losses. They had to ask share holder for more money and promised they would return to profitability. They have hedged everything else in the company to make up for the PS3 losses, the free PSN, Home and other expenses related to keeping exclusives. If they drop the price of the PS3 they will for sure not post a profit anymore and would have to make the money up by charging for PSN or losing more exclusives. The PS3 Slim will allow them to start recharging the funds and showing the profit they need to show to the share holders. If a price drop comes it won’t come until after they post positive numbers for shareholders for this year. PS3 was selling decent at the current price. One thing I think hurt them is there killer titles being pushed till 2010, giving Microsoft the stronger lineup for 2009.
"Isn't it time you made more predictions that you probably got from tossing darts at a target? I thought the PS3 would be #1 by 2008. Then 2009. Now 2013? Hey, how about 2035?" Isn't it time you stopped being a hack of a journalist and a fanboy? We all can't get what we want...well your stupidity and lack of journalistic integrity is amusing.
Why do they keep paying him for this?
i wonder the same
Because he tends to be pretty damn insightful, both on the consumer side, as well as the investment side of things as well.
Danny I would rather take investment tips from a Baboon than this idiot
is anyone surprised? Or worried? You want sales increase...wait till holiday season... summer sux for gaming period!
Nah, no price cut this year. You'll see. But hey, keep propelling this rumor that there will be and sales will slump even more. Posters who say there will be a price cut only hurt current sales because other people read their comment and go, "Oh, Hi-def freak said there will be a price cut this holiday season. I guess I'll wait till then to buy one." Meanwhile, sales go down...down....downnnnn....
He didnt say one word about a price cut. What I read was more consoles sell during the holiday season. How is that wrong?
Pennywise: This guy always states the obvious. Take a random guy from N4G and he/she would be able to replace Pacther easily.
Bubble Buddy... I wasnt even talking about patcher. That guy is pretty off on all of the things he actually predicts. He went from predicting things to stating the obvious. The guy is worthless and I have no idea why people of N4G like his news.
But sales were better in June than in May, so I don't understand this term "slump" as it's used here. If you're comparing to last year's June, then it isn't fair because Metal Gear Solid 4 came out last June, being the highest-rated and most anticipated PS3 exclusive to date at that time, and no new PS3 exclusives came out in June 2009.
Year over year sales are the most important. From June 08 to June 09 Sony did not sell as much. Did anyone else notice that Infamous sold WAY better than projected. By like 30,000 copies.
How can you possibly think that 08 June vs. 09 June sales are relevant? Last year's June saw Metal Gear Solid 4 come out, by far the highest rated and most anticipated exclusive the PS3 had ever had at that point. It's obvious that last year's huge sales in June were because of that game. This June, the PS3 not only didn't have an MGS4 come out, but it didn't have ANY new exclusives come out. The comparison is just flat-out unfair. What's far more important is that sales are up from last month, which is a GOOD sign. If you want to see the bad, you can look at last year versus this year, but you'd be ignoring the fact that the circumstances are completely different between last June and this June, which accounts for the sales discrepancy. I mean, in Europe the PS3 sold 610,000 units in March 2007, and it was only available for half the month. The following year, March 2008, when the PS3 was available the entire month not just half of it, the PS3 sold 400,000 units. Why? Because it launched in March 2007 in Europe. One year later, it was significantly down "year-on-year" for March, but it's an irrelevant comparison because the circumstances don't align. Of course it sold more in March 2007, because it was the console's launch. People line up to get it day one. The following March, nothing special was happening. It is not indicative of a slump that it's year-on-year sales were lower, because the circumstances were totally different. The launch of Metal Gear Solid 4 had a similar push effect on PS3 console sales last June. This June, it had nothing to push it, but it still sold better than it did in May this year, and May had inFamous come out.
Infamous is still carrying PS3 through summer. Plus they had the new Killzone 2 and MGS4 bundle. Year over year sales are a good indicator of how a company is doing in this market. Just because last year saw the PS3 with a killer app does not excuse the fact that they couldn't duplicate that again this year. If I am Sony I want to have my machine rolling. Saying there is no MGS4 this year is not a good excuse. I'm a PS3 owner so don't come back with that fanboy name calling crap either.
Infamous isn't carrying anything in the summer. The last game to carry the PS3 was MGS4. No one is buying a PS3 because of Infamous. The people who own the console are purchasing it.
hmmm PS3 sales in the U.S. poor could this be because almost every article that comes out of the U.S. about the PS3 is negative and we see microsoft (an American company) always gets a lot of good press even though of its massive failure rate, restrictive format size, not being able to bring games forward from 2005 levels. Poor PS3 sales in America is only down to one thing microsofts massive wallet and influence over the American media.
PS3's perceived arrogance and its inability to "pimp" its own product. I am not Sure if you are an American djpolofish, but if you were you would understand that MS gets trounced for every thing they do, or do not do in the American Press. As far as wallet size, it would be naive to assume that Sony suffers from wallet envy, although it could be argued they suffer from a form chrematophobia. Finally; I am curious as to what games currently out or with forthcoming release dates fall within a 2005 level? I have no ill toward Sony--I believe competition engenders better games, and that's the reason we own "next gen consoles" right?
wah wah wah, blame MS for everything... I wonder if it's the same for the Japanese market?...maybe Sony is behind it.
Yes, we all know you get offended when MS gets blamed. How's the cookie fanboy? :)
you are from the USA pal, cuz if you were you would know that Americans hate Microsoft, in fact Americans hate most things American, we are some of the most self loathing people on earth, thanks to people like our new president blaming America for every known evil that has ever existed in the universe, most ignorant Americans take the anti American position on just about everything.
So the high price is one reason the PS3 isn't selling as well as the cheaper rivals. Wow, this should be a revelation to all those here at N4G. Thanks Pachter for opening our eyes. What a guy....
If you actually READ the article, you'd know he included the MUCH cheaper Wii in this. He's basically saying that consumers who were willing to purchase a PS3 or Wii at the current/original prices, are nearly tapped out....and he's right. At this point, most people who've waited this long, are now going to wait a while longer, for the inevitable pricecuts.
I was being sarcastic. I'd of thought that was evident. I guess not.
...but it was misplaced, and showed your ignorance on the subject matter. Sorry, but for once, that whole sarcasm excuse actually just backfired. Perhaps you're not as smart as I thought ; sarcasm =/= "I meant the opposite of what I posted". :/
It's the middle of a relatively AAA-less summer and we're in the middle of a recession. I'd wager that has more to do with the industry being lower than it has been in 9 years than console prices: http://www.pcmag.com/articl... Pachter just wants to pimp out the "there will be a price cut" meme as often as possible, because sooner or later, he'll finally be right.
please ignore Pachter. Pachter is full of BS.
if u want DEAD ISLAND really bad!!!! BUY XBOX360 Slim!!!! LOL
What the hell are talking about Shadow did you forget to take your meds.
Lack of appeal
i disagree. i find pachter very appealing
Sony is coming around. Did anyone notice that they have control over this years EA sports line-up in the advertising sector? Good move on their part to finally get some commercials going.
They've had control for years now, but people just don't see it because they're too busy looking at sales figures.
What I am is saying is this. Last year for Madden and NCAA you would see the commercial and at the end the 360 logo would come up and say Jump In. This year though PS3 is at the end. So to me this is the year they are starting to get it right. One of Sony's biggest problems this gen has been the lack of advertising. It's good to see them getting it right again.
Or does this "professional" Michael Pachter love to just say the samething over and over and over again. Whoops! Pachter still thinks the PS3 price needs to drop. Another article submission for N4G!!!
this guy seriously needs to STFU, i'm suprised he still has a job he's hardly ever right
this guy reminds me of John Madden. "What they need to do now is to score some points..." ......
lol that was funny have a bubble
When he is making wrong predictions,he is stating the obvious. I can't wait for Pachter to tell us that the sky is blue.Well at least not here in LA since the air is so bad. *coughs*
shadow man you really have gone down in the world havent you? look at how many bubbles you have
whoa the 360 can still cut the price??!! It's already at $199.
Yeah, MS is gonna be giving them away to anyone that wants one.
I'm ready to pay 99$ for x360, it's very well worth of it. Bring it on MS.
"XBox 360 Starting at $150..." damn that is a ridiculously good deal, this will increase sales big time
Microsoft will be the fastest console to hit sub-$100 prices because that's the only way they can really compete. If they are truly not halfway through their cycle with the 360, then I don't see how they can continue to cut the price of the 360 which is probably why they think Natal will be their saving grace and are treating it as such. If Natal doesn't end up being the bridge to the next Xbox I will be shocked, and that's be presumptous on my part. It may end up being their next console all together, and if that's the case I would expect Microsoft to bow out of the console wars once it fails. Of course then Apple would have plenty of room to make a console.
That is one of the most stupid ridiculous dumb ass ignorant comments i have ever read about this subject... Dude just quit posting.
I think what your trying to say is just wait till 2010 year of the PS3, or better yet just wait till GOW3 comes, then it's over for 360 wii and all evil in the world, just wait... wait beyond /end sarcasm
Because Sales are the true indicator of a console's value and technological potential, huh? *Face slap across your infantile stupid face* Edit @ Marbles Well what exactly are you waiting for? Some Halo expansion pack that is only going to add about 3-5 hours of gameplay, some new maps, with a price tag of a full priced game. You'll have to wait till September for that. But in the meantime between all the Halo's and Gears of Wars, what do you MS fanboys really wait for? Sales articles about how Prototype sold more copies on the Xbox 360. Naturally the 360 owners had no choice between prototype and infamous. The PS3 owners did and most chose to either buy Infamous alone or buy Infamous first (I rented both and decided to settle on Infamous). Real-world logic like that has no place in your delusional fanboy world, though.
YES! sales are a very good indicator of those things you moron. Think about what you just asked. geez @below no one is talking about quality, we are disscussing value, they are different things, the Honda Accord sales alot because it is a great value, the Ferrari 599 sales less because like the PS3, it is mostly a fanboys dream come true, not a value.
thinks sales = quality is kinda dumb it equals success not quality i mean is wii fit a great game?
title should read: "Pachter: Water is Wet"
Umm...NO SH!T, SHERLOCK!
PACHTER PAUNCH!!! O god...I don't even read his articles anymore, I just love reading all the comments about how big of a dumbass he is!
All you have to do is make up things while you are sleeping and stats the Obvious
like us, who already know this. He is talking to investors who are wondering why their Sony stock keeps going down, and what needs to done about it. Geez you guys, use your heads.
is the PS3s biggest problem, it is a bad value for most folks. Most folks dont have HDTVs so bluray is worthless. Besides that 360 does everything it does only better, and for less money, this is a value to more people. Integrated wifi, and browser simply matter to fewer people, more people want tons of great yet low priced games, a huge online selection of downloadable content, a user friendly U.I. and high quality online service overall. These are things that 360 offer in more abundance than PS3, and like I said before, at a lower entry price.
if socomer was here he would say but sony has the psp, soon to be psp go, ps2, and the ps3. so that means the ps3 is winning world wide even though the 360 keeps widening the gap on the ps3...
Packy does have a point on this one. I gotta say looking at the current state i gotta... ummm... This is hard for me to admit but... I.. i.. i agree with him. *Trembles as hell slowly freezes over.*
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