E3: Analysts welcome Wii Fit, Pachter admits he was wrong about Xbox 360

Wii Fit - Image 1 Analysts have had the chance to air their predictions prior to this year’s E3 in Santa Monica, where some of the forecasts held true while the others swung and missed. Gamespot ran an article recently on the impressions of familiar analysts on Sony, Nintendo and Microsoft‘s announcements.

Kicking things off for the think tank, Nintendo impressed everyone with the announcement of some new accessories for their Wii game console. The Zapper gun drew some attention and nobody could whine about the Mario Kart Wii steering wheel. But what got everyone riled up was upcoming biggie Wii Fit and the seemingly ingenious Balance Board set to ship with it.

 Wii Fit and its Balance Board “looks good and will appeal to the casual audience that Nintendo is tapping into,” says Colin Sebastian of Lazard Capital markets as he observed the Kyoto-based company’s successful press conference.

Other analysts like Nollenberger Capital Markets’ Todd Grunewald agree. He comments “Wii Fit should expand the market even further for Nintendo, and maybe some nimble publishers like Ubisoft and Majesco can benefit from it. I don’t think it will be as big as Brain Age or Wii Sports, though.”

Meanwhile, Wedbush Morgan’s Michael Pachter admits he was wrong with his prediction of a price drop announcement for the Microsoft Xbox 360, saying that the firm may have decided that it was best not to do it for the meantime. Doing a price drop at the same time when they announced an extended warranty for the console could send wrong signals about the quality of their wares.

His counterparts in the other firms agreed that right now, there’s no compelling reason for Microsoft to lower its prices. Sebastian, however, says that the drop may not have to wait too long to happen as he predicts it to occur sometime during the summer.

As for the Sony PlayStation 3, analysts welcomed the recent reduction in retail pricing, but said that a stronger line of games was necessary if the kings of the last two game console cycles want to make a three-peat. Analysts have marked 2008 as the mist crucial time frame for the system.

Via Gamespot

Wii Fit - Image 1 Analysts have had the chance to air their predictions prior to this year’s E3 in Santa Monica, where some of the forecasts held true while the others swung and missed. Gamespot ran an article recently on the impressions of familiar analysts on Sony, Nintendo and Microsoft‘s announcements.

Kicking things off for the think tank, Nintendo impressed everyone with the announcement of some new accessories for their Wii game console. The Zapper gun drew some attention and nobody could whine about the Mario Kart Wii steering wheel. But what got everyone riled up was upcoming biggie Wii Fit and the seemingly ingenious Balance Board set to ship with it.

 Wii Fit and its Balance Board “looks good and will appeal to the casual audience that Nintendo is tapping into,” says Colin Sebastian of Lazard Capital markets as he observed the Kyoto-based company’s successful press conference.

Other analysts like Nollenberger Capital Markets’ Todd Grunewald agree. He comments “Wii Fit should expand the market even further for Nintendo, and maybe some nimble publishers like Ubisoft and Majesco can benefit from it. I don’t think it will be as big as Brain Age or Wii Sports, though.”

Meanwhile, Wedbush Morgan’s Michael Pachter admits he was wrong with his prediction of a price drop announcement for the Microsoft Xbox 360, saying that the firm may have decided that it was best not to do it for the meantime. Doing a price drop at the same time when they announced an extended warranty for the console could send wrong signals about the quality of their wares.

His counterparts in the other firms agreed that right now, there’s no compelling reason for Microsoft to lower its prices. Sebastian, however, says that the drop may not have to wait too long to happen as he predicts it to occur sometime during the summer.

As for the Sony PlayStation 3, analysts welcomed the recent reduction in retail pricing, but said that a stronger line of games was necessary if the kings of the last two game console cycles want to make a three-peat. Analysts have marked 2008 as the mist crucial time frame for the system.

Via Gamespot

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