Patcher's a freakin moron, or he's trying to push an agenda (or both). He blames Nintendo primarily for the decline of the industry, yet Nintendo have been the ones EXPANDING the industry and reaching out to new gamers, something Sony and MS have failed to do. Without the Wii, the industry would be on the brink of destruction right now. You have one of the most successful consoles of all time, and STILL the industry is in decline. Imagine where the industry would be WITHOUT Nintendo!
Even now, 4 years later, it continues to boggle my mind how such a successful console has gotten such a collective criticism and doomsday claims by the delusional people within the games industry. You would think that the Wii has gotten 10 million sales rather than 72 million judging from all the negativity.
Pachter is paid big money to understand how the videogame industry works, and why things do what they do. When reality isn't going the way he expects, he is going to get all doom and gloom. Nintendo made him look horrible, because it makes his life much more difficult. He can't simply phone in his analysis and run his formulas. He is forced to actually do work, and take chances, and watch his job get more risky. The end result is that he ends up a spot where his job becomes more of becoming a gambler, with less certain information, and where he can end up looking horrible. With all this about, he now projects the videogame industry is going into permanent decline.