Wii U Xbox 720 competitor

The Wii U has yet to hit stores and analyst Michael Pachter of Wedbush Securities is already predicting a price cut in 2013.

Nintendo recently held several events announcing the Wii U packages and the next-gen console’s launch date. The Wii U will be available in two variants, a white Basic Set selling for $299 and a black Deluxe Set that has a slightly higher price tag  of $349. Pachter believes that the Wii U was priced slightly higher than what people were expecting because Nintendo wanted to maximize profits from hardcore Nintendo fans:

“We think that Wii U’s price points are appropriate given likely demand from Nintendo’s core fanbase, but believe that pricing will be too high to sustain demand given current competition from other consoles and tablets.

“In our view, Nintendo was smart to introduce the Wii U at higher price points in order to maximize initial sales from its core audience. We expect 1 – 1.5 million Wii U units to be shipped into the US by the end of GameStop’s fiscal year (January).”

Pachter believes that the earliest we’ll see price cuts is after the summer of 2013, definitely before next year’s holiday season. Pachter makes these assumptions on the notion that the Wii U will be seeing competition from Sony’s Playstation 4 and Microsoft’s Xbox 720. He expects additional news on the Xbox 720 and the Playstation 4 to “to materialize in the coming weeks.”

Fans were hoping to learn more about the Xbox 720 and the Playstation 4 last June on E3 2012 despite claims from both companies that their focus is still on their current gen consoles. However, after both consoles were a no-show, people started accepting the fact that the next-gen consoles from Microsoft and Sony may still be some time away.


Wii U Xbox 720 competitor

Will you be getting a Wii U early? Or will you be waiting for the predicted price cut? Share your thoughts in the comments below!

  1. would people quit quoting Pachter. The guy has done nothing but troll nintendo fans and said anything he can in order to sabotage the wii u launch.

  2. Pacher is an idiot and I mean that after a lot of research and following him for years. He has passed the “I am God” line and there is no return for this over the hill analyst.

  3. THANK THE SKIES! The moment I saw Patcher’s name, I knew that the price cut wouldn’t happen. Yup, what Patcher says doesn’t happen essentially 100% of the time. He said that the 3DS would fly off the shelves at $250 but look what happend, it didn’t (well it didn’t help that there was a lack of games for some people). Hey Patcher whatever happend to that Wii 1.5 or 2 that was gonna release in 2009 and/or 2010?

  4. Nintendo has already said they are pricing the Wii U to please, and they’re not going to make the same mistake they did with the 3DS. Even if the quote was from someone else other than Pachter, I still wouldn’t believe it. They won’t be cutting the price that early. Also, you would think that an analyst like Pachter would know that Sony & Microsoft are probably not going to be releasing anything in 2013. Nintendo won’t have any console competition, even for the 2013 holiday season. Then when the 720 & PS4 are getting ready to come out in 2014, Nintendo probably will use Zelda U to hold them off, rather than big price cuts.

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