Do people have short memories on opening sales?

[mike_intellivision]

If the WiiU outsold the launches of the PS3 and the Xbox 360 -- why is it such a disappointment?  People seem to forget that that both of those systems were outsold by the PS2 during their launch windows.

The WiiU did not reach Wii levels -- but nothing before ever did either.  Unfortunately, Nintendo set high (and unrealistic) goals for sales -- and those are now causing analysts to crow. But they seem to be ignoring all market dymamics.

* Even at a 52-week low, Nintendo's maket cap is almost 85 percent of Sony's.  That means that the maker of ONLY video games is worth as much as a global electronics giant.

* Calls to put Nintendo on Apple ignore that the company has had a bite taken out of it recently with decreasing market share, profits, and stock price.  it appears to no longer be the dominant player in mobile phones -- except to those who think Nintendo should put their games on them.

* The world economy has gone bust. The US economy contracted in the fourth quarter of 2012 (GDP down 0.1%). Uneployment rates in many countries sit around 8 percent or higher. Fuel prices are higher.  In other words, it is not 2006 any more.  

 

 

I just wonder what analysts will say if/when the PS4 and/or Xbox 720 do not have gangbuster opening sales.

 

Mike from Morgantown