Pachter: Vita Was "Solid" At E3, Wii U "2 Years Too Late"
E3 is over and done with; it's time for the analysts to weigh in.
Wedbush Morgan analyst Michael Pachter touched on various highlights for Sony, Microsoft and Nintendo; as for Sony, while he believes the PlayStation Vita has the "second-dumbest name for a device after the Wii U," he says the company still had a "solid presentation." He also expressed surprise at the agreeable price ($249 for the non-3G model and $299 for the 3G-enabled model). Pachter added:
"We expect the 3DS to sell well at holiday, due to a phenomenal lineup of content, but think that the PS Vita will capture some share early next year. Solid sales of each device should bode well for GameStop, which will likely receive preferential allocations. Sony also continued to try to integrate its other consumer electronics products into its E3 presentation by announcing a 3DTV PlayStation-branded bundle priced at $499, which we expect to sell exceedingly well."
Regarding the Wii U, Pachter said it was "the most impactful' announcement at the show, but it's coming "two years too late."
"The most impactful 'reveal' at the show was the Wii U, which, in our opinion, is arriving two years too late. Depending on pricing, the system will be either a phenomenal success or a phenomenal failure, as competitive bundles for Xbox 360 with Kinect and PS3 with Move are likely to be priced below $300 by the time the Wii U launches."
For Microsoft, Pachter said the company seems to be "making several sound business decisions that will position its console with Kinect as the media center of the living room." He finished by saying the game lineup wasn't "particularly surprising," but the "integration of Bing search into Kinect was perhaps the most impactful announcement of the show."
...we have to assume he's talking specifically about Microsoft's conference.
6/13/2011 2:21:11 PM Ben Dutka