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Lastgengamer said:

It could be about time for a new hardware cycle. That would help revive the industry right? 

If people are tapped out, and trying to save money and pay off their credit cards, how exactly is new hardware going to revive anything?  Do we need more motion control?  How about better graphics?

I will also add this bit to what I wrote.  Look at this following by Pachter and then ask what doesn't look right about it:

That’s not to say that Nintendo was the only offender. Pachter also laments the fact that a number of key titles – Alan Wake, Prince of Persia, Blur, Shrek, Lost Planet 2, Iron Man 2 and Skate 3 all sold fewer than 200,000 units.

 

Outside of MAYBE Alan Wake, which of those titles strike you as "key" titles?  I don't see anything there that should push over 200,000 units in a month.  One could argue IF Alan Wake is in a genre people are hot over, then yes.  But, I see Alan Wake as not being in a major genre at all.  It just isn't.  What I do see out of Pachter here is a money person's grasp of the videogame industry and someone who actually knows it.  It is a person who looks at the financial values of IPs and how they spin in the market.  It doesn't actually look at the quality of the titles themselves, or ask if they intrinsically will resonate.  It is by the numbers, without gut understanding.  And this botchery of understanding is why Pachter is as bad as he is at predicting anything.  See my signature below to see how badly Pachter has blown it in the past.

You see, if Pachter had a clue, then he would understand that RDR could do real good numbers, if it executed well and brought something new to the multiplayer arena as it had.  Western or no, it can happen.  The same with Assassin's Creed also and what it has done.