Video game and electronics research analyst of Wedbush Securities, Michael Pachter, once famously predicted that the generation of consoles we’re currently in, consisting of the PlayStation 4, Xbox One, & Wii U, would be the last for the industry and was just as famously called-out as being dead wrong from gamers aplenty.
Well, the quote he made in the past has come up again, this time on episode 8 of his show Pachter Factor, when he took the opportunity to clarify his statement.
“You know, I have probably misstated this in the past. I’ve called this the last console cycle. I don’t think this is the last time Sony, Microsoft, and Nintendo make a console. I think this is the last and most successful console cycle. The next one will come; it won’t be as successful. The next one after that will come and it won’t be as successful as the next one. And they’ll just keep diminishing because I don’t think there’s a reason to upgrade.”
Because the topic of discussion had to do with the future of a console’s graphical power and Pachter doesn’t believe the graphical leap between this console generation and the next one won’t be all that significant, Pachter gave an example to explain his reasoning for why consumers won’t upgrade:
“If all you do on your PC is word-processing, do you really need to upgrade your microprocessor? And the answer is no, you don’t, and you won’t. I mean a 3.5 gigahertz CPU is plenty fast for word-processing. None of us can type as fast as that thing can process, so what’s the point? I think that’s what happens with consoles.”
Still think his prediction is off or do you agree this console cycle is the peak for manufacturers? Let us know below!
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This post was originally written by Danny Endurance.
