@bold. Keep dreaming. By now it should be clear that analysts have their biases (Pachter is just one example). Some constantly praise a company and bash another. Have you never noticed analysts constantly bash Nintendo? The reason is, they don't believe in the company, so yes, in fact it's a form of trolling, they will never or very rarely ever give them the benefit of the doubt, good luck proving me the contrary, for the only exception of Sebastian Kramer, the best official analyst in the industry. Other than him, we're the best, then it's the other official ones cause we could do a much better job then they. Don't kid yourself.
@apple. I never said Apple had nothing to do with Nintendo and yes, long-term, they, Microsoft and Google are most likely their biggest competitors. But the situation he's describing, that Wii is losing customers to Apple in an irreversible kind of way, it's just so biased it hurts my eyes, no joke.
1) The response is parinoid.
2) He is not biased he is motivated by making money, period, and making other people the most money possible.
Yes, but make who money? When analysts, by their remarks, can impact the investment market, don't you think they would be trying to negatively or positively impact the stocks of certain companies, by throwing FUD around to try to impact what the company should do?
For example, as far as Pachter goes, Activision is a client of Wedbrush Morgan Securities. Activision wants a more 3rd party friendly console from Nintendo, so Pachter then harps on and on about how "Nintendo should make a Wii HD." The hope here is to drive investors away from Nintendo because Nintendo isn't doing that, precisely to then make Nintendo do that. It gets more transparent with that one Australian guy who recently said "Nintendo's stock value would be 100% higher if they moved into iOS." This is a blatant effort to say: Sell Nintendo or Don't Buy until they go iOS, which in turn is an indirect threat to Nintendo: go iOS.
When we're talking about small potatoes, yes, consultancy firms are usually objective, but at the higher end of things, analysts are trying to active alter the market in the favor of their clients.