“Nintendo a victim of their own success,” says Pachter
Posted on October 25, 2009 by Brian(@NE_Brian) in News, Wii
Although Wii sales have been slipping over the last few months, the console is still doing quite fine overall. People have been quick to say that its prosperity on the market is spiraling downward. However, Michael Pachter, analyst for Wedbush Securities, has simply said that Nintendo is a victim of its own success because of the Wii’s initial low price and that the company isn’t in trouble at all.
“You know, Nintendo’s a victim of their own success because had they known how big the Wii was going to be when they launched it, they would have launched it 100 bucks higher. And they would have managed price down to keep demand constant. So instead of selling 25 million Wiis a year, if they had sold 15, people would say ‘Oh my God, you’re geniuses. You’re outselling PS3 and 360.’ And this year they could sell 16 million with this cut. And everybody thinks they’re great. Instead they’re selling 20 million this year and we’re talking about what losers they are. That’s just crazy. They’re killing it…”
