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

So he is ..

[FidelCatsro]

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...

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 .. This is why i never listen to analysts