Pachter: The Wii 2 is too late
Wedbush Morgan analyst Michael Pachter has rendered his verdict on the rumoured new Nintendo home console.
Pachter has explained that success seen by Microsoft and Sony with Move and Kinect has taken significant ground away from Nintendo and any new hardware may not be enough to win it back.
He began: "That means they should have launched the Wii 2 in Fall 2009, and at the latest in Fall 2010, so a launch in 2011 is late. It's highly likely that there is a Wii 2 reveal at E3. If they don't do it this year, then it might be too late next year."
Pachter added: "With that said, it's never 'too' late, since they can retain the lion's share of the market by inducing current Wii owners to upgrade, and by capturing undecided consumers who have either not yet purchased a console or who have not yet bought Kinect or Move."