| FishyJoe said: Pachter's response: http://techland.blogs.fortune.cnn.com/2008/12/11/nintendo-wii-officially-recession-proof/ Analysts were taken by surprise by how well the $249 console has performed in a flagging economy. “Two million? You sure? This is mind-boggling,” said Michael Pachter, a top industry analyst for Wedbush Morgan Securities. “At least Nintendo is meeting demand.” Pachter says it’s because people are now choosing a Wii over a latte. “There’s a solid middle class that’s going to make substitutions to buy games. Now it’s buy a Wii and don’t eat out for a month, or don’t take that ski trip,” he said. “Or cut out Starbucks.” |
Pachter is a silly, silly man. This isn't meeting demand. Not quite.
Seriously though is this the highest November in the US ever?
