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Analyst: Nintendo completely blown it with second-gen Wii strategy

Posted on Sunday, January 30 2011 @ 13:40:41 CET by

Wedbush Securities analyst Michael Pachter is raither pessimistic about Nintendo's future console business prospects, as he believes that the company has completely blown it with their second-generation Wii strategy:
He continued, "I just think Nintendo's blown it; I think by the time they launch [their next console] if it's Christmas 2011, it's two years too late, and for sure one year too late. So it's over – I don't think they can ever recover. Wii sales will continue to decline and I think Wii 2 will not sell well. And third parties aren't going to support it unless it's really similar to a 360... and when I say similar, I mean so that it's easy for them to port games from 360 to Wii 2. If Nintendo advances the technology, and it's more powerful than a PS3, then no one's going to support it. That's a problem, and so they're really stuck. If they were going to emulate the 360, which is what I thought they'd do, they should have done that in 2009. And if they're going to advance the tech, then 2011 is really not the right year. They're really in between right now."
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