Pachter On Next-Gen: Nintendo Could Finish A "Distant Third"
The Nintendo Wii sold about 99 million units in its lifetime. Thus far, after launching late last year, its successor has sold less than 3.5 million.
This, combined with a lack of third-party support and the fact that Sony and Microsoft have revealed more advanced machines, could result in Nintendo's "distant third" finish in the new generation.
Wedbush Morgan analyst Michael Pachter recently told ABC News that "Nintendo is in trouble" and he believes the company waited "two years too long to launch a competitive console." The other problem is that while publishers and developers seem excited about the PlayStation 4 and Xbox One, they're not talking much about the Wii U. And as Pachter said, third-party support is critical:
"We know EA has no games in development for Wii U. If others follow suit, I mean if you see Activision pull support, if you see Ubisoft, you see Take 2 pull support, the Wii U is a Nintendo-only gaming device, which is the way they were back with the NES in 1985. They're not going to sell a lot of consoles if they don't have games like FIFA, and Battlefield, and Call of Duty, and Grand Theft Auto."
Of course, the 3DS is the most popular portable by far and that could be enough. However, Pachter still believes Nintendo is currently "at the bottom of a huge uphill climb" and in the end, he doesn't see them getting their "mojo" back. Yeah, well, I could've told you that. No idea why Nintendo thought the same gimmick could work twice in a row, especially with two much more competent systems vying for the industry spotlight.
7/5/2013 9:10:27 PM Ben Dutka