Analysts stating the obvious; it's almost an art form. The latest masterpiece to be created comes from the master of the craft Michael Pachter and his Wedbush Morgan pal Edward Woo. They say, and I hope you're sitting down, that all the new technology coming out of E3 is going to "have great potential to reinvigorate the video game market." I told you to sit down. Obvious statements that well crafted only come along once in a blue moon.
While pontificating on the blatantly obvious Pachter and Woo talked a bit about other E3 happenings as well. As you probably guessed, they think the 3DS will sell like gangbusters despite their predicted price tag of upwards of $250. On the other hand they believe the pricing on the Natal and Move is going to be crucial for making them sell. "We are not yet convinced that the hard core Xbox 360 user, who typically 'controls' decisions about his/her console, will find the game lineup for Kinect sufficiently compelling to purchase the device at a price point over $100, and think that pricing at the higher point would severely limit sales," they (I guess they operate in some sort of Borg-like hive speak) said.
As for Move, they're looking at the price points and thinking that it might be a bit high. Pachter and Woo point out that for people to fully access Move's library they're going to need to procure a lot of crap (one PlayStation Eye, two Move controllers and at least one Navigation controller) resulting in a price tag of around $180. They think this might scare casual gamers off and turn away even the hardcore.
In their only non-obvious statement Pachter and Woo said that they believe Dance Central to be Kinect's killer app. I can see that.
Wedbush Analysts Predict Industry Rebound Fueled by New Hardware [Gamasutra]
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Contest:
1:00 AM on 06.20.2010
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Also, fuck Pachter.
Also, no shit , bro. (to Pachter)
It's nice that special people can earn a formidable wage just by saying the sky is blue, hollywood does movies and new games tech will earn money, I suppose it's better than standing just outside the village and drooling at passers by.
Shit, sign me up. I could make a killing in no time...
Kinect uses gestures for input.
BOOM!!!!!!!!!!
I agree that the 3DS shouldn't go over $250 - especially with 360's and PS3's costing just a little more (or, less for the moment if you're willing to go old school).
Cause hes privy to financial information that isn't released to the public?
You hire, pay and listen to guys like Pachter can ONE correct decision could net you MILLIONS. Imagine if Pachter said "the Wii will absolutely crush the PS3 and 360" in 2006 and you didn't believe him. You'd feel pretty stupid seeing as Nintendo's stock reached a market high of 75 points since the Wii's launch.
Pachter is NOT stating the obvious, because whatever he says ends up being wrong. So expect gaming to go downhill people!
Which makes that G4TV in which he said 3DS could go for 300 bucks living proof that he is NOT acquainted with market functioning. NIntendo's a hardware developer that depends on public acception for long term and CONSTANT public approval, pretty much depending on mouth to mouth marketing.
You can't go the overexpensive route with this strategy, specially when it's not state-of-the-art specs-wise and when the main catch requires physical access to the hardware.
Patcher's an alright guy. All analyst say as many obvious things as not. They get paid to speak up no matter what.
Sure the 3DS has that potential (5 hour lines) but I am not even slightly convinced Kinect or Move can do that job. Neither is he, judging on his price point comments.
He should have said "The 3DS has great potential to reinvigorate the video game market", seeing as that's what he meant.
http://www.joystiq.com/2010/06/19/kinect-how-it-works-from-the-company-behind-the-tech/
I dare Patcher to promote Kinect.
Their parents should be scattered like carrion in the desert wastes. Their misery is a virtue.
The move is like an HD Wii.
BOOM!!!!!!
If the clock is delayed seven hours he's not going to fix it even if it is showing 8:00 PM and the sun is still shining. So they (analysts) navigate through the obvious and totally wrong. But if businesses need someone to do it for them so, smart one who makes it.
I mean, the guy has said he only drives Porsche. How many here that criticized him can buy a Porsche?
If the clock is delayed seven hours he's not going to fix it even if it is showing 8:00 PM and the sun is still shining. So they (analysts) navigate through the obvious and totally wrong. But if businesses need someone to do it for them so, smart one who makes it.
I mean, the guy has said he only drives Porsche. How many here that criticized him can buy a Porsche?
I say it is going to turn really dry in about 5 years. Perhaps sooner.