No Next-Gen Video Game Consoles Till 2013
This year Microsoft Xbox 360 becomes four years old game console and Nintendo Wii and Sony PlayStation 3 turn three years old, about time to think, or at least begin thinking, about next-generation video game systems. However, Wedbush Morgan analyst Michael Pachter believes that there will be no new game consoles until the year 2013.
“We note that video game software sales typically peak in the year prior to the introduction of a new generation console, as many consumers begin to slow purchases in anticipation of purchasing a new console the next year. We do not expect a “new” console in 2010 (other than the long-rumored high definition Wii, which is likely to upgrade the Wii to current console technology). We do not expect the “next” generation to begin before 2013, if at all,” said Mr. Pachter in a note.
It is unclear what the analyst wanted to say by “if at all”, but an anticipation that the video game consoles will cease to evolve with the current generation means rather dramatic change for the industry.
