nofosu on 12 September 2007
As of the last couple of days, I have been doing some research into, the predictions the analysts were making for the seventh generation of consoles. The buzz was that the Playstation 3 would come in first with the Wii in distant third. Here are a few of my favourite quotes
“The company sees the Nintendo Wii as almost a non-factor with only 23.3 million units sold through 2012.”
Oh this has got to be the best by the Yankee group
“The group predicts that the PS3 will capture 44 percent of cumulative console sales in North America by 2011, with 30 million units sold. Microsoft is expected to sell nearly 27 million units, taking up 40 percent of the market, while the Wii is forecasted to sell a little over 11 million units, accounting for just 16 percent of the market.”
I could be here quoting every thing the analysts said, but we will be here all night long. The truth is, these analysts have caused more harm than good, a lot of companies and investors paid them for their analysis of the industry, and were all giving wrong predictions. Many third parties took their word as gold, and rushed into producing software for these two behemoth HD machines, with out giving the Wii so much as glance, simply because they thought it would fail. The analysts defend their schmuck analysis by saying
“No body could predict this success, not even Nintendo”
I call bull on that one, Nintendo knew it was going to happen, that’s the whole point of disruption. It is to become number one.
“Finally, Iwata spoke on the Revolution's unique interface and if it would alienate third-party developers.
"Well, of course, the idea is that the Revolution will sell and sell and sell so it becomes the standard in the industry," Iwata mused. "However, at least for the launch period, we designed the controller so it can play any of the different conventional styles. After all, we are talking about it playing games from our past machines (i.e. the virtual console). So don't worry."
Here is a link to the full interveiw
I would like to know what you guys think. Please this is not an issue with which console is better than the other, but is more about these so called industry analysts, like I said they have done a lot of damage, which unfortunately will lead to some developers/publishers coming close to being bankrupt.
