Wedbush: 131% increased revenue across the industry

The official monthly NPD U.S. game charts won’t be out until December 7 but company Wedbush Morgan is already making predictions publicly. A quick overview of their reports would give the impression that next-gen indeed has began ’cause the sales for current generation software is on the decline.

Analyst Michael Pachter, however, suggested that next-gen couldn’t fully take off given the lacking supplies of newly released consoles PS3 and Wii. It could be true that the X360 is reaping the benefits of this but overall, it’s not doing the industry any good.

“Consumers appear willing to purchase compelling content for current generation consoles in spite of the recent launches of the unobtainable PS3 and Wii,” Pachter explained. Despite that, current generation software sales stand around US$ 440 million, a 20% decrease from last year.

Furthermore, he added that around US$ 576 million were generated by PS3 and Wii software sales, greatly contributing to the overall industry growth of 131%. Top game sellers are as follows:

• NintendoÂ’s The Legend of Zelda: Twilight Princess (Wii)
• Square EnixÂ’s Final Fantasy XII (PS2)
• MicrosoftÂ’s Gears of War (X360)
• Take-TwoÂ’s GTA: Vice City Stories (PSP)
• Electronic ArtsÂ’ Need for Speed Carbon (X360, PS2, Xbox, PC, PSP, GBA, DS, GC, PS3, Wii)
• ActivisionÂ’s Call of Duty 3 (PS2, X360, PS3, Xbox, Wii) and Guitar Hero II (PS2)
• THQÂ’s WWE SmackDown vs. Raw 2007 (PS2, 360)

Finally, Wedbush Morgan concluded that they expect a decline in hardware prices around the summer of 2007. Pachter voiced this for them as he said:

Once supply and demand of the PS3 and Wii are in balance, we think that hardware unit sales will be more modest than they were in the analogous period of 2002. We expect cycle-to-cycle declines of 10% or more to persist through the summer of 2007.

Via GamaSutra

The official monthly NPD U.S. game charts won’t be out until December 7 but company Wedbush Morgan is already making predictions publicly. A quick overview of their reports would give the impression that next-gen indeed has began ’cause the sales for current generation software is on the decline.

Analyst Michael Pachter, however, suggested that next-gen couldn’t fully take off given the lacking supplies of newly released consoles PS3 and Wii. It could be true that the X360 is reaping the benefits of this but overall, it’s not doing the industry any good.

“Consumers appear willing to purchase compelling content for current generation consoles in spite of the recent launches of the unobtainable PS3 and Wii,” Pachter explained. Despite that, current generation software sales stand around US$ 440 million, a 20% decrease from last year.

Furthermore, he added that around US$ 576 million were generated by PS3 and Wii software sales, greatly contributing to the overall industry growth of 131%. Top game sellers are as follows:

• NintendoÂ’s The Legend of Zelda: Twilight Princess (Wii)
• Square EnixÂ’s Final Fantasy XII (PS2)
• MicrosoftÂ’s Gears of War (X360)
• Take-TwoÂ’s GTA: Vice City Stories (PSP)
• Electronic ArtsÂ’ Need for Speed Carbon (X360, PS2, Xbox, PC, PSP, GBA, DS, GC, PS3, Wii)
• ActivisionÂ’s Call of Duty 3 (PS2, X360, PS3, Xbox, Wii) and Guitar Hero II (PS2)
• THQÂ’s WWE SmackDown vs. Raw 2007 (PS2, 360)

Finally, Wedbush Morgan concluded that they expect a decline in hardware prices around the summer of 2007. Pachter voiced this for them as he said:

Once supply and demand of the PS3 and Wii are in balance, we think that hardware unit sales will be more modest than they were in the analogous period of 2002. We expect cycle-to-cycle declines of 10% or more to persist through the summer of 2007.

Via GamaSutra