Sorry Pach .. nope

Nintendo made big news today, not necessarily because their annual profits plummeted 66%, but because after endless speculation, the company's top brass in Japan finally decided to confirm that a Wii successor is planned for 2012 and we'll see it in action at E3 this year. But what if the Wii 2 is entering the market too late for this generation and too soon for the next? Is this like Sega's Dreamcast all over again?

"It is an open question whether the Wii successor is an in-between console, much like Sega’s Dreamcast was back in the late 90’s—too late to compete with the PlayStation and N64, and not sufficiently advanced to compete with the PS2 and Xbox," noted Wedbush Securities analyst Michael Pachter.

He had plenty more to say, which we're publishing below:

"Nintendo’s announcement of a Wii successor is quite sketchy on details, and arguably raises more questions than it answers. In our view, if the successor is nothing more than a high-definition Wii, the company has waited too long to launch, and has conceded a tremendous first mover advantage to Microsoft and Sony, who launched Kinect and Move control schemes, respectively, in late 2010. We are seldom disappointed in Nintendo’s ingenuity, and we do not believe the Wii successor will be an exception; it is highly likely, in our view, that the successor will innovate mightily, and rumors of a controller with a 6” LCD screen are rampant."

http://www.industrygamers.com/news/nintendos-wii-2-dreamcast-all-over-again/

So in his warped view, the Wii was the Saturn?

The Dreamcast comparison is stupid. At that time, after the Saturn fiasco, SEGA was struggling in the hardware business and could not take anything but a great success. Nintendo has plenty of cash and will be able to push its hardware even in unfavourable situation. Also, there is no way Sony and Microsoft can raise too much the bar on graphics as TV sets, unlike PC monitors, are very limited in their capabilities. Nintendo will be able to sell its new console through the force of its brand name and exceptional first party titles.

This guy doesn't even know shit about the Next Nintendo console and is already calling it names.

I call shenanigans!!!

I believe in nintendo and they will always be around long after I've passed. Just another thing Patcher will get wrong

I love how no one even read the OP.

He actually doesn't call it the Dreacast at all.  And he basically says he thinks it will be successful because its going to be very innovative.  He simply said if its just an HD Wii it would fail. 

So please people read before you comment.  Everyone is always so in a rush to bash Pachter but he's actually a very good analyst and seems like a genuinely nice guy.

Pachter, a man who is even  stupider than Malstrom (though at least he's less of an asshole)

I agree with him

THANK YOU!!!

Seriously, the other reactionary post here already make the posters look really, really bad.  That last paragraph was like a love letter to the rumors of the Cafe and Nintendo's legacy, but of course that gets ignored completely (most notably in the post title ...).

I second this:  read before you comment or wear the dunce cap.

Well I learned the hard way that people often just respond to the thread title, so you should call out the OP for a misleading title here.