Pachter: 2DS and Wii U price cut only short-term solutions
Nintendo may have surprised the world yesterday with their 2DS and Wii U price cut announcements, but it isn’t enough according to Wedbush Securities analyst Michael Pachter.
Whilst they will help the company in the near future, they fail to address more significant problems posed by the arrival of the Xbox One, PlayStation 4, and mobile devices.
“We expect the price cut to drive higher sales, but believe the Wii U will remain challenged by a lack of compelling first- and third-party content this holiday,” he shared within an investor note. “By the time a significant number of high-profile Wii U games have been released, Microsoft’s Xbox One and Sony’s PS4 will have launched, creating direct next generation competition and impacting any potential lift from those titles.”
He believes that the 2DS will spur an increase in sales by 25 percent, and aid the company in achieving 17.4 million sales this year – just shy of the company’s 18 million target. Meanwhile he predicts software sales to reach 72.9 million, again short of Nintendo’s 80 million copy goal..
[Thanks GamesIndustry International]