It will limit the success if they're not materially better than the current-generation games. The analogy is, do you buy a new PC if you don't have a reason to You just don't do it.
More Quotes from Michael Pachter:
Clever and different and new doesn't necessarily work unless you convince consumers that they really want it.Michael Pachter
We believe that industry sales have been quite weak since Take-Two's late October negative preannouncement, primarily due to consumer malaise and a shortage of Xbox 360 hardware... Given weak November NPD sales and Electronic Arts' and Activision's recent earnings warnings, we believe that Take-Two likely experienced weak sales during the holiday period, as consumers continue to shun current generation games while waiting for next generation consoles.
Michael Pachter
We expect a price cut for the PS2 later this year. We believe that Sony will respond to Microsoft's introduction of its next generation console with a cut from 149 to 99 some time before the November 22 Xbox 360 launch, ... We think that Sony has positioned itself to lower price by reducing the production costs of its console when it redesigned the box to a smaller format... Should Sony choose to discount the PS2 to 129 or even 99, we would expect a dramatic lift in PS2 hardware sales, and a corresponding lift in PS2 software sales. Our model forecasts that Sony PS2 hardware sales will be 1.8 million units higher this year compared to last year.
Michael Pachter
We note that NPD U.S. retail video-game software sales data for the January quarter implies that Take-Two's sales are down 40 percent compared with the prior-year quarter, so we believe that the company is likely on track to meet our revenue and earnings per share estimates for the period.
Michael Pachter
It was a perfect storm. One could say it was a bad strategy I would say instead of bad it was a very risky strategy. Essentially, they played blackjack and put a quarter of their money on each hand and busted every time.
Michael Pachter
We think that the decline in overall sales of current-generation software in December indicates the beginning of a trend that will persist well into 2006, and we anticipate double-digit declines in current-generation software sales for the first half of 2006.
Michael Pachter
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Based on Topics: Games Quotes, Metaphor & Analogy Quotes, Reasoning Quotes, Success QuotesBased on Keywords: current-generation, materially
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