Next Generation Not Official Until PS3

Gamespot has word that a Wedbush Morgan analyst has advised investors to hold off on throwing money at the gaming market, because the rapid growth prompted by the next generation consoles may not materialize until the PS3 launches late in 2006. He also makes some other forecasts for sectors of the gaming market. From the article: "Elsewhere in the memo, Pachter predicts that console and PC sales will finish the year up 10 percent over 2004, that a price cut for the redesigned PlayStation 2 will be enacted 'no later than fall,' and that the PlayStation Portable and Nintendo DS will have similarly successful years, moving 3.5 million and 3.6 million units, respectively."

Comments

Is this the...

[demondawn]

"buy high, sell low" school of market investment?

Now lets apply this to everything

[RoyIreson]

Don't buy cars! the next generation wont start until the 2006 models come out! Oh No! You mean my car wont work as well then?

Re:Did Sony fund this?

[DeadScreenSky]

Apparently the Japanese care about quality and so they realize that 90% of games coming out are crap unlike the consumers over here. ;)

I know you are semi-joking, but it's always amusing to look at the best-selling games every week in Japan. They buy a lot of shitty games, just like gamers in other countries. :D