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Pachter – US to show 14% drop in August, Wii price cut before November

Tuesday, 8th September 2009 12:52 GMT By Patrick Garratt

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That time of the month again. Wedbush Morgan’s Michael Pachter just released his August estimates for the US, showing a 14 percent year-over-year decline.

Wii sales, said the analyst, are likely to have fallen nearly 50 percent. He added that a price cut will be needed this year for Nintendo to hit forecasts.

From a note:

We estimate sell-through of 240,000 Wii hardware units (down 47% from last year), 205,000 Xbox 360 (up 5% from last year), and 160,000 PS3 consoles (a 14% year-over-year unit decline) as the overall sales decline trends continued until price cuts spurred demand in the last few days of the month. Sony cut the PS3 price in the last week of the month, and we expect to see PS3 sales grow substantially in September. We do not think that Nintendo’s Wii hardware forecast is achievable without a price cut, and as long as the Wii remains at its November 2006 launch price of $249.99, we expect continued year-over-year declines for that console’s sales. We expect a Wii price cut no later than November.

August’s NPD hit this Thursday.

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3 Comments

  1. Psychotext

    I’d really hope he didn’t send you his July estimates… given we got the July results last month.

    I’d comment on his numbers but I really don’t have a clue what’s going to happen because of the price cuts, stock, slim launch (a couple of days of that will make it into the results) etc.

    #1 5 years ago
  2. Patrick Garratt

    *whistles*

    #2 5 years ago
  3. Tonka

    Finally something solid from the diarrhoea mouth.
    “Wii price cut before November”

    I will try to remember that.

    And if they do cut the price he expects wii sales to improve year over year?

    Scuse me while I lol my ass off.

    #3 5 years ago

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