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He was right about the Wii U but unless Switch sales suddenly take a nosedive in 2018, he was wrong about the long term recovery. Knowing Pachter though, he will probably use the following flawed logic.

"3DS sold 60 million units, and Wii U sold 14 million units. Since Switch hasn't sold 74 million units that means Nintendo hardware sales are still shrinking."

The problem with this logic is that many people who owned a Wii U also owned a 3DS. Also you can't count 3DS sales from 2011 to winter 2012 as part of the 74 million units, since the Wii U wasn't out yet. Finally the 3DS was a system that a lot of people bought twice, and only bought a handful of games for. Switch has a much higher software attach rate.