Thu, Oct 08, 2009 | 12:55 BST
Pachter: PS3 beat 360 and Wii in US last month, double-digit growth has returned
Wedbush Morgan’s Michael Pachter just predicted that the US games trade is about to return to double-digit growth following six straight months of negative figures.
“We forecast sales of $750 million, up 21% compared to last year’s $618 million,” the analyst said in a note.
Pachter also predicted that PS3 beat both Wii and 360 in American in September.
“We estimate sell-through of 390,000 Wii hardware units (down 45% from last year), 350,000 Xbox 360 (up 1% from last year), and 410,000 PS3 consoles (up 76% year-over-year) as the price cuts for all three consoles spurred demand,” he added.
The NPD releases next Thursday.