Michael Pachter: PS4 And Xbox One Will Soon Be Obsolete

Do you enjoy your brand new Playstation 4, Xbox One, or Wii U? Well, have fun with them while it lasts, because Wedbush Securities analyst Michael Pachter thinks  that consoles will soon be obsolete, and replaced by new Micro TV and streaming solutions, including things like the Chromecast, and smartphones. He also thinks that Microsoft knows that this shift will happen, and they are preparing for the shift when it comes.

“I think consoles are going away, because you used to need a console because you could not connect a microprocessor to your TV screen,” Pachter said to VentureBeat. “Now, if you have a Chromecast stick or a Roku box, you can. So why do we buy consoles? I mean, your phone will be powerful enough to power any game in two more generations. And, so, why buy a console? I think Microsoft actually knows that.”

Of course, as it stands now, phones currently are powerful enough to render games that look like something from the Xbox 360 and PlayStation 3, which is mighty impressive, but also still a full generation behind current consoles. Of course, phone tech is developing at an almost alarming rate, but consoles are not exactly slowing down, so we’ll see what happens.