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Wedbush Morgan predicts modest growth for industry in 2007
>> From gamesindustry.biz:
[QUOTE]
Wedbush Morgan analyst Michael Pachter has told GamesIndustry.biz that the games industry is likely to experience more modest growth than has been predicted in the coming months.
"I think 2007 will be sloppy. It will start out quite strong, due to the PS3 and Wii supply situation being fixed in the US and the PS3 launch in Europe," he stated.
"Software sales in the summer should trend down to mid-single digits, due to impossible comparisons to 2006 and extraordinarily expensive console prices. I think that the PS3 and the Xbox 360 will continue to sell very slowly during the summer, because at the price, they are no longer an impulse purchase."
He also believes that hardware sales are likely to be higher at Christmas than during past years, and will continue to rise in 2008 as the household penetration of high definition monitors grows.
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Full Story: gamesindustry.biz
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