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

Yeah Right

[magnus_1986]

This guy does not know that he is talking about. Agreed that the gaming market will (theoretically) be busting at its seams after the release of the next generation of gaming consoles but the hardware is not the main revenue generator, its the software. Look at all the quality games that have come out recently and are coming out, ratchet: Deadlocked, Jak X Racing, Sly 3 etc. Not to leave out Age of Empires 3 (yes, i know it is on the PC), gamespy has wonderful previews, interviews, hands-ons and whatnots here
Not to mention the ongoing lukewarm sales of PSPs and DSes. The market is still making a huge profit, period. And anyone who invests in this is in for getting a little richer.