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Nintendo's 'completely blown' its Wii 2 strategy - Pachter

Console will arrive too late and "will not sell well", says analyst

Wedbush analyst Michael Pachter is heavily downbeat on Nintendo's home console business, suggesting the company's blown its chances in the market.

He told IndustryGamers that a new Nintendo console should already be out now and challenging PS3 and Xbox 360 in the online space.

"With as much respect for Nintendo management as I can muster, I think Nintendo's completely blown it with their second generation Wii strategy," he said. "I think they have the mentality that to launch a new [console] they have to retire the old, and I think that's wrong.

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"I think the right strategy would have been to get a second generation Wii out and keep the old Wii at the same time, and have the second generation be the natural progression upgrade model."

Pachter added: "... They should let people start with the Wii and graduate to the Wii 2, and have online functionality and Call of Duty multiplayer on there and compete with the 360. Instead, they're actually conceding that multiplayer market to Xbox 360 and PS3. They've always conceded it, but now with Kinect and Move, it's a lot easier for people to make 360 or PS3 their starter console.

"I just think Nintendo's blown it; I think by the time they launch [their next console] if it's Christmas 2011, it's two years too late, and for sure one year too late. So it's over - I don't think they can ever recover."

Nintendo saw a significant drop in Wii sales in the six months ended September 2010.

[ SOURCE: IndustryGamers ]

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