| RolStoppable said: It's the normal course for bad predictions. When someone is horribly wrong, they tend to make adjustments in steps because they aren't ready to admit that they have no clue. From January 17th: http://fortune.com/2017/01/17/nintendo-switch-sales/ "Zelda, Mario, and Splatoon titles are expected in 2017, but only a handful of new games are expected at launch," Pachter said. "Western third party support appears limited to ports of Xbox 360 and [PlayStation 3] games. We think that hardware sales will be limited without substantially greater third party support." Looking ahead, Pachter told investors that Nintendo should sell 1 million Switch units in its current fiscal year ended March, and another 4 million units in its next full fiscal year. He cautioned, however, that Nintendo might have some difficulty look further ahead. This means that in real time Switch is already roughly nine months ahead of Michael Pachter's schedule. Investors who listened to Pachter will vow to never listen to him again as Nintendo's stock has been climbing steadily on the back of strong Switch sales. Now in his updated prediction* Pachter assumes a lifecycle of five years when every successful Nintendo system, except the GBA due to unique circumstances, enjoyed at least six years on the market before a successor launched. Pachter is an analyst who simply doesn't care about video game history. *Apparently this isn't the first update he made, because the article notes that Pachter previously said that Switch could sell more units than the Xbox One this year. |
As he hasn't been fired yet, it's very likely that he gives the right professional advices to investors that pay his company fees for his services.
Updating his predictions is part of his job, anyway.
Maybe, besides giving paying investors the right advices, he deliberately adorns them with outlandish analyses, so that not paying public can't use them and his clients themselves neither, if they stop paying him to have the conclusions.
