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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."
So the man is advising that investors hold off on investing right now , a time when the market is mostly weaker and ripe for investment at a cheap price and Telling people to invest when the new consoles are out ,you know the time that stocks and many other things will skyrocket...
.. This is why i never listen to analysts
Perhaps yes they may peak then dip towards the end of the year , but they should definantly skyrocket around the release of the new consoles, holding off is possibly only wise if you intend on investing during the calm before the storm(probably about the same position the market will be in right now , missing out on a chance to take advantage of an expected mid-end of year high).
It hapens every time a new set of consoles are released , the market take very positive swing
The only things certain in war are Propaganda and Death. You can never be sure which is which though
Actually, Japan hasn't been the largest market for games for quite a few years now... When Sony made the PS1 cool for non-gamers to get on board, America's sales soared. The US has the largest portion of the market these days (development as well), while the Japanese market continues to shrink each year. Apparently the Japanese care about quality and so they realize that 90% of games coming out are crap unlike the consumers over here. ;)
As far as Xbox 360 being successful in Japan this time, it looks like they've gotten some pretty important Japanese developers on board to make it more appealing there. Many developers begrudgedly designed games for the PS2 because it was a nightmare to program on, but still had the largest market share. If there is anywhere near a tie for first place, the system that is easier to develop for will surely win out, although all 3 systems look to be pretty much the same machine...all 3 have IBM power-based processors and a next-gen PC graphics card. I personally think it's time for a console standard to be developed instead of all this non-sense...
"A truly wise man realizes he knows nothing."
"PlayStation Portable and Nintendo DS will have similarly successful years, moving 3.5 million and 3.6 million units, respectively."
I don't understand where those numbers are coming from. Are they predicting that the DS is only going to sell 3.6 million units? That's already not true according to this article, which says that the DS has already sold over 5 million units. Or, if they're saying that these numbers are what each unit is going to sell this year, well then I still can't really believe that the DS will outsell the PSP, or that the PSP will be limited to under 4 million sales. Could someone translate all this marketing and sales analysis mumbo-jumbo?