Posts Tagged ‘wedbush morgan securities’
Over 100 million used games traded each year in the US
According to a report from Wedbush Morgan Securities, over 100 million used games are being traded each year in the US alone, making it almost a third of all games sold in the country. The analysts also contradict what major publishers have been saying for a while; that used games are hurting the games business.
Wedbush Morgan disagrees, saying that used games are actually good for the industry. If a person is unwilling to spend $60 on a new game, he or she might trade in an old game and buy it.
Pachter: Xbox 360 ending in third place in 2015
Wedbush Morgan Securities analyst Michael Pachter and his team have compiled a 210 page report on the future of video game industry. In it, Pachter predicts that the Wii will win this console generation, and that Nintendo will release a WiiHD, most likely in 2010. He also said that the fact that Sony’s Blu-ray won the HD disc war, it will fuel PS3 sales for years to come, eventually surpassing the Xbox 360, which will, according to Pachter, end up third by the end of this console generation. Which is in 2015, in case you’re wondering. Or at least, according to Pachter.