Michael Pachter
Michael Pachter
Michael Pachter is a video game, social media, digital media and electronics analyst with Wedbush Securities. He is also the Head of Research for the Private Shares Group, a Wedbush division which focuses on companies which have not yet gone public such as Facebookand Twitter. Pachter has an MBA & two law degrees. Pachter worked for 16 years at Arco where he was Arco's director of strategic planning until mid-1998...
among consumers continued given persist sales slow xbox
Given continued uncertainty among consumers about the availability of Xbox 360 units, we think that slow sales may persist in December.
believe continued decline declines deep expect fifth helped january marked marketing microsoft month rate releases return sales sell software worse
We believe that January sales may have been even worse had Microsoft continued its marketing push, and believe that sell through was helped in part by deep discounting of new releases during the month. January marked the fifth consecutive month of software sales decline, and we expect a return to double-digit sales declines in February, with an accelerating rate of decline in March.
believe major purchases recent slow weakness
We believe that Midway's recent share-price weakness is more attributable to a slow down in purchases by its major shareholder than to a downturn in its business.
believe expect november rebound recent sales weakness
We do not believe that recent weakness will persist, and expect a sales rebound in November and December.
believe choose compared console costs cut discount dramatic expect forecasts generation hardware higher itself last later lift lower million model next november price production reducing respond sales smaller software sony time xbox year
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.
appears capacity greater later microsoft next optimistic recent remedy result unit
We are optimistic that Microsoft will remedy the supply-demand imbalance in the U.S. in the next two months, as it appears that recent manufacturing capacity will result in greater unit availability later this month.
buy december question wait
The question is, How many of those who didn't buy a 360 in December will now wait for the Sony? Some will.
fact maybe means positive
The fact that we had a positive rental comp means that maybe rental is not dead.
bad blackjack busted hand instead money perfect played quarter risky
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.
fact waiting year
I'm not impressed. The fact is that they pretty much told you that you're waiting for another year to get paid.
appreciate grow guys needs question somebody sure
I'm not sure that I appreciate why somebody needs an avatar. The question for these guys is, what do they want to be when they grow up?
gives retailers
The retailers gives us all products. We need retail.
games next side xbox
I want to see the games side by side. I want to see Madden for the Xbox 360 next to Madden for the PlayStation 3.
last million sell
In the U.S. they'll sell out at 1.5 million right away. They won't last a week.