Michael Pachter had some not-so-nice things to say about Nintendo recently. The Wedbush analyst was speaking at the Ayzenberg A-List Summit 2012 event to discuss the impact of social landscape on gaming.
At the end of his presentation, Pachter fielded some questions about Nintendo.
First, Pachter spoke about Nintendo being “in disarray” and commented on how he feels that the company has “completely blown Wii U by not telling people what the price is going to be.”
“I think Nintendo is in disarray. I think they’ve completely blown the Wii U by not telling people what the price is going to be. It’s going to launch at $249 because it has to. I think they’re dead anyway because Xbox with Kinect will be priced below that by the time they launch. …[the] Wii was a bubble and that the Wii bubble has burst.”
Pachter then went on to say that Wii owners have moved on to social titles like FarmVille and that these games, along with tablet/smartphone software, have killed the console. He feels these games will lead to the death of Nintendo handhelds as well.
It wasn’t all doom and gloom, though. Pachter complimented Nintendo for their success with Wii through their use of the Blue Ocean strategy which has made gaming a more mainstream activity today.