Consoles To Lose $50, Says Pachter
Straight from the Captain Obvois' Book Of Quotes: consoles prices are to drop $50 this holiday, says Wedbush Morgan analyst Michael Pachter.
May 21, 2008
And speaking about the industry, it's growth in 2008 is expected to be around 19% in the US and 20% in Europe. As for 2009, Pachter is less optimistic and states that US is expected to feature a 16% growth, while Europe will be upper at 18%.
Either that or console manufacturers trim the prices once again by $100, in which case the growth is expected to rise to 21% and 23%, respectively.
All in all, sales are expected to go down during the next several years unless a new device arrives on the market. The debut of PlayStation 4 or Xbox 3 (or 720, maybe?) should not surprise anyone, but it would bluntly contradict Sony's and Microsoft's current plans to have their consoles battle on the market for 7 years at least.