Wedbush Morgan Securities analyst Michael Pachter has, as is his wont, made some big statements about the present and future state of the console market. Among them is a severe finger-wagging for Nintendo and its president, Satoru Iwata, in particular.
"I don't know why Iwata is still employed," Pachter told the Game Monetization USA Summit in San Francisco. In particular, he was referring to Nintendo's refusal to put its content on mobile devices such as phones and tablets, a move he says would generate huge revenues and bring new fans to Nintendo.
Pachter characterised the Wii U's performance as "underwhelming" and said that while some strong games releases could turn its fortunes around, he considered it unlikely.
Of Sony and Microsoft, Pachter was bullish about the potential of the PS4, he cited price as the main difference between it and the Xbox One. "Microsoft loses the next generation unless they cut price. If Microsoft drops its price to $399, I expect the sales to be equal to the PS4," he said. Pachter expects a future model of the Xbox One to include a TV tuner to bolster its use as a multimedia device.
He doesn't think there's much growth left in the console market. "I don't think you're ever going to see 500 million consoles out there," he said. He expects sales of around 30 million for the Wii U, 100m - 120m for the PS4 and 90m - 110m for the Xbox One. Furthermore, he said he expects the next generation of consoles to be the last and for PC to move into prime place.