Pachter: System and Handheld Sales Down 38 Percent, Price Drops Expected

Interest in next gen consoles is leading to reduced current-gen sales.

Posted By | On 13th, Aug. 2013

xbox-360-slim-Vs-Ps3-slim
Wedbush Securities analyst Michael Pachter stated that he expects the upcoming NPD report to mention US retail sales down 23 percent to $200 million, with hardware sales down 38 percent year-on-year. Pachter also predicted that enthusiasm for the current gen systems is being eroded by upcoming next-gen consoles like Xbox One and PlayStation 4.

Pacther expects that the Nintendo Wii U will have sold 30,000 units, being down by 29 percent month-over-month (compared to the Wii’s 35,000 units). He also believes that price cuts and bundles will be the order of the day as the holiday season rolls around.

“We expect the prices for the PS3 and Xbox 360 to drop by at least $50, with the Wii dropping to $99. Nintendo may look to spur Wii U sales through either a price drop of $50 or a bundle that includes some of its more popular software, particularly if an improved release slate doesn’t spur console sales.”

Pachter also predicts that games like Animal Crossing: New Leaf, NCAA Football 14, The Last of Us and Minecraft will be leading the sales charge in the NPD report.


Keep On Reading!

Fairgame$ Officially Cancelled Over 3 Years After Its Announcement

Fairgame$ Officially Cancelled Over 3 Years After Its Announcement

An alleged internal email cites mixed "player feedback and retention results" alongside "challenging market co...

Monster Hunter Wilds: Ascendance Beta Listing Reportedly Spotted on SteamDB

Monster Hunter Wilds: Ascendance Beta Listing Reportedly Spotted on SteamDB

Much like the base game and previous releases, Capcom could be preparing a beta test for the expansion ahead o...

The Division 2: Echoes of Central Park Review – Scary and Satisfying

The Division 2: Echoes of Central Park Review – Scary and Satisfying

The Division 2 takes us to a corner of NYC that doesn’t pull its punches, delivering a neat little adventure...

The Outer Worlds 2: Side Effects Guaranteed Out on December 2nd, Adds “Hours of New Content”

The Outer Worlds 2: Side Effects Guaranteed Out on December 2nd, Adds “Hours of New Content”

The first of a two-part expansion retails for $14.99 and offers a new location, companion gear, Perks, Flaws, ...

GTA 6’s Biggest Leap Could Be How the World Reacts to Your Crimes

GTA 6’s Biggest Leap Could Be How the World Reacts to Your Crimes

Is it even a GTA game if you’re not committing any crimes? But we think GTA 6 could make getting away with t...

The Legend of Zelda: Ocarina of Time Remake Review – Masterclass

The Legend of Zelda: Ocarina of Time Remake Review – Masterclass

The Legend of Zelda: Ocarina of Time Remake's new visuals and great performance make this a beautifully paced ...