LOL @ Pachter: No New Game Consoles Until 2013, If Ever

[xtop]

http://tech.yahoo.com/news/pcworld/2...ntil2013ifever

Are we gaming in the final days? The waning moments? The terminal ticks on some ominous, premonitory tech-trending clock? Are all the breathless pundits prognosticating about Xbox 720's and PlayStation 4's just the blithe leading the blind? Are the days of console cycles and turbulent software development kit refreshes on the verge of evanescence?

Wedbush Morgan analyst Michael Pachter raises at least the ghost of that question in his May 2009 monthly gaming rundown. Moreover, he says he doesn't expect to see the next round of consoles arriving earlier than 2013. Cue pause followed by creepy organ music to an ominously appended "if at all."

Wagging his finger at investors who "remain convinced that industry growth will peak in 2009," Pachter says fiddlesticks, calling the notion video game software sales always peak in a console cycle's fourth year an "urban legend."

We note that video game software sales typically peak in the year prior to the introduction of a new generation console, as many consumers begin to slow purchases in anticipation of purchasing a new console the next year. We do not expect a “new” console in 2010 (other than the long-rumored high definition Wii, which is likely to upgrade the Wii to current console technology). We do not expect the “next” generation to begin before 2013, if at all .

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