Pachter: Nintendo is in a world of trouble

10:08 PM, Jul 2, 2013   |    comments
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Nintendo's Wii U video game system.

Not all is well in the world of Nintendo, so says Wedbush analyst Michael Pachter.

Citing a lack of third-party game software support for its flagship Wii U and the company simply taking too long to release an HD console, he says Nintendo is in a world of trouble.

"The publishers are pretty excited to support the Xbox One and the PS4 - they really didn't say anything about the Wii U," he recently commented.  "And we know EA has no games in development for Wii U."

In his view, things could get worse if other third-party publishers follow suit.

"If Activision pulls support; if you see Ubisoft , you see Take-Two pull support, the Wii U is a Nintendo-only gaming device which is they way they were back with the Nintendo Entertainment System in 1985," he continued.  "They're not going to sell a lot of consoles if they don't have games like FIFA and Battlefield and Call of Duty and Grand Theft Auto."

Third-party game software issues aside, Nintendo has one other problem with its Wii U.  Sony's upcoming PlayStation 4 is launching at a price point that is only $50 higher than the Wii U's $350 asking price.

Due to that, Pachter asks a simple rhetorical question: "Why would anybody buy a Wii U?"

News10/KXTV

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