When Did Michael Pachter Become the Final Word?

Michael Pachter

Firing up my RSS reader this morning or going to any one of the numerous sites I typically visit showed an overwhelming amount of articles written about Michael Pachter, Wedbush Morgan Securities analyst for our industry. He recently put out his status report on where he thinks the video game industry is headed.

Reading all the headlines, one thing became clear: people take Pachter’s word for gold. I have absolutely no idea why, as he’s been wrong more than right. As with most forward-looking statements, predictions and hopes get thrown at the wall en masse and only a couple will stick. That’s the same with Pachter.

The guy is a financial analyst. When did this material become so important to your gaming habits? Does Pachter’s prediction of a Wii HD mean it’s going to happen? No. Did his prediction of Sony and the PS3 running away with this generation happen? Absolutely not. Do we need to hang on every word Pachter says or types with bated breath? No. Maybe we should all take a step back and focus on having fun playing games, which is what we’re really all here for, isn’t it? Can I write any more sentences that end with a question mark in one paragraph?

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Pachter Predicted Next-Gen in 2013… If At All

Next Gen Consoles

Michael Pachter is good at investments. Predictions, on the other hand, are hit and miss for Wedbush Morgan’s industry analyst. He’s come up with some crazy conjecture, like the PS3 being the out-the-gate winner this generation.

Up on the hit list with Pachter is the next generation of gaming consoles, which he states will come in 2013, if at all. One exception to the rule is a predicted Wii HD in 2010, which will bring better graphics to Nintendo’s cash cow.

I think the “if at all” portion is wrong; sorry, Pachter. While I do think the current generation will last significantly longer than previous console iterations, I do think at least one more will be coming to a living room near you before we hit the mark of online-only (which is where everything is eventually headed). That’s just my opinion. What about you?

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