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BrainBoxLtd said:

I'm going to take a wild guess and say these particular analysts merely looked at final tally from the 6th Generation and just predicted the same thing would happpen all over again.

 


That's pretty much how I think it happened. They looked at the long term trends of Nintendo consoles (62M, 46M, 43M, 22M) and didn't see any reason it wouldn't continue. Of course they probably didn't see the reasons for the decline either, just figured it was weak and the Sony brand strong. Luckily the situation is pretty darn clear now, and third parties should be acting sensibly.

It was excusable back then, but I'm starting to get worried about the people who still think the PS3 will end up on top. I've known of cognitive bias for a while, but never thought it could be this strong.