Pachter: Nintendo “in a world of trouble right now”
Wedbush Securities analyst Michael Pachter is back on his podium, declaring that Nintendo is “in a world of trouble right now” regarding Wii U.
We can’t entirely argue against his opinion that their high-definition shift has perhaps arrived too late, but can’t help but despair at there ever having been expectation that their development teams could jump from Wii to immediately match competitor’s next-generation consoles.
“Nintendo is in trouble right now. Nintendo, I think, waited two years too long to launch a competitive console – a high-definition console to compete with the PS3 and Xbox 360.” Pachter explained to ABC News 10.
He continues, “I think by the time they did launch a console that stacks up really well, the other two guys passed them by. And I think that they’re in a world of trouble right now.
“Publishers are pretty excited about supporting the Xbox One and PS4 – they really didn’t say anything about the Wii U. We know EA has no games in development for Wii U. If others follow suit, if you see Activision pull support, if you see Ubisoft, Take-Two pull support, the Wii U is a Nintendo-only gaming device which is the way they were back with the Nintendo Entertainment System in 1985. They’re not going to sell a lot of consoles if they don’t have games like FIFA, Battlefield, Call of Duty and Grand Theft Auto.”
Although Pachter soon suggests that hardcore gamers who would invest in a Wii U would also purchase another console to maintain enjoyment of third-party support, which isn’t an entirely negative concept.
“I think they are at the bottom of a huge mountain, with a huge uphill climb,” he bgins. “I don’t think they’re going to get that mojo back, as I think these two guys are passing them by. And this PS4 price, $50 more than a Wii U, I mean why would anyone buy a Wii U? Unless they just have to play Nintendo games.
“The actual way it shakes out is anyone who buys a Wii U, who really is a hardcore gamer, is going to buy a PS4 or an Xbox One in addition so they can play those third-party titles that they love. So I think Nintendo becomes a distant third in the console race.”