We all probably know the Market Analyst Michael Pachter. He gives his opinions on the gaming industry every week on his GameTrailers show "Pach-Attack". He's gone into alot of criticism for his left-field opinions, especially against Nintendo.
Instead of making a thread every week for every word he says. Its best to put all those thoughts here in this 1 thread.
This week Pachter calls out Nintendo. Saying they are now a bad company, Satoru Iwata is a bad CEO, and that they have lost focus on their goal as a company.
For you, the day LordJumpMad graced your threads, was the most important day of your life. But for me, it was Tuesday. [url=http://www.backloggery.com/jumpmad]Unive...
He recently said that he believes PS4 and Xbox720 games will be $10 more than they are now, so $70. I'm not sure what to think of that since Sony did state during the PS4 reveal that games would be between $0.99 and $60.
He recently said that he believes PS4 and Xbox720 games will be $10 more than they are now, so $70. I'm not sure what to think of that since Sony did state during the PS4 reveal that games would be between $0.99 and $60.
Oops, thats a bit of a mess up. If xbox 720 does that while PS4 keeps at $60 then xbox 720 will probably do pretty bad.
He's predicting this current console gen that is beginning will be the last. Which is funny, because that's exactly what he said in 2009 about the last console gen.
He's like one of those doomsday prophets who discover that their celestial predictions were off by 100 years or so when their predictions fail to come to pass.
He's predicting this current console gen that is beginning will be the last. Which is funny, because that's exactly what he said in 2009 about the last console gen.
He's like one of those doomsday prophets who discover that their celestial predictions were off by 100 years or so when their predictions fail to come to pass.
Cannot find one of his predictions that have came true. Maybe I will live long enough to bare witness
Pachter makes predictions of the future based on current economic trends, theoretically producing the most likely outcome if the world economy remains the same as the present day. Naturally, his predictions are going to be wrong every now and then, but it doesn't mean he's pulling facts out of thin air without research.
As for the supposed bias against Nintendo, I imagine it's because of the company's unorthodox business approaches compared to the other members of the Big Three. And Iwata being a bad CEO? Well, I don't know any other CEO's who do this
always thought I'd change to Gyarados after I turned 20 but hey, this is more fitting I guess. (also somebody registered under the original Magikarp name and I can't get back to it anymore orz)
Just so you guys know, Nintendo's share price is currently $5 lower than when Iwata took over the company in 2002.
Iwata has also managed to allow his company go from being the most valuable company in Japan with a share value of nearly $80 to its current $13 or so.
If you honestly believe that Pachter has absolutely no grounds for his assessment of Nintendo's management post Wii-heights and Iwata, then you're not reading Nintendo's performance as a business over a long term very well.
Actually, I never really recalled having threads about Mr. Patcher every week or so. And I think it's unfair to make the analyst look like an enemy or Nintendo hater. So, yeah...
Just so you guys know, Nintendo's share price is currently $5 lower than when Iwata took over the company in 2002.
Iwata has also managed to allow his company go from being the most valuable company in Japan with a share value of nearly $80 to its current $13 or so.
If you honestly believe that Pachter has absolutely no grounds for his assessment of Nintendo's management post Wii-heights and Iwata, then you're not reading Nintendo's performance as a business over a long term very well.
He started blasting Nintendo as the Wii swept the globe. So yeah he has zero grounds for all his Nostradamus predictions. He brings nothing useful to any conversation regarding video games.
Oh he does like to make his undying love of MS and EA well known.
Just so you guys know, Nintendo's share price is currently $5 lower than when Iwata took over the company in 2002.
Iwata has also managed to allow his company go from being the most valuable company in Japan with a share value of nearly $80 to its current $13 or so.
If you honestly believe that Pachter has absolutely no grounds for his assessment of Nintendo's management post Wii-heights and Iwata, then you're not reading Nintendo's performance as a business over a long term very well.
He started blasting Nintendo as the Wii swept the globe. So yeah he has zero grounds for all his Nostradamus predictions. He brings nothing useful to any conversation regarding video games.
Oh he does like to make his undying love of MS and EA well known.
Hang on.
Pachter started "blasting" Nintendo and the Wii from the moment it went crazy popular and made Nintendo the biggest company in Japan for a brief period.
Where is Nintendo now?
What you just said implies - no, proves - that Pachter advised his clients incredibly well. His advice may well have stopped them buying millions of dollars of stock at $70-$80 and losing about 80 per cent of that since it has now crashed to $13.
His job is to advise investors. He called it right. End of story.
What you just said implies - no, proves - that Pachter advised his clients incredibly well. His advice may well have stopped them buying millions of dollars of stock at $70-$80 and losing about 80 per cent of that since it has now crashed to $13.
To be fair, it wouldn't have crashed as badly as it did without Pachter's comments (if he indeed did start dismissing Nintendo around that time), although I don't deny that it would have gone down either way.
Then again, Iwata hasn't really been putting out the image of Nintendo as a great company to invest in.
always thought I'd change to Gyarados after I turned 20 but hey, this is more fitting I guess. (also somebody registered under the original Magikarp name and I can't get back to it anymore orz)
As a side note, I think Mr. Pachter is well aware that he has a low standing with Nintendo users. And....quite frankly, he doesn't really seem to care about how bad of a reputation he has among them. I don't like how he gets snarky about his reputation among the discontent crowd with a "deal with it attitude," but it's not like he's concerned about people who aren't his customers. So...oh well. Nothing can be done about it :/
While he has some interesting points, I'm not totally keen about Iwata San being a bad CEO. Maybe for the investors at the moment, yes. But I really like the CEO's intentions for what he's trying to do with respect to the gaming industry.
As a side note, I think Mr. Pachter is well aware that he has a low standing with Nintendo users. And....quite frankly, he doesn't really seem to care about how bad of a reputation he has among them. I don't like how he gets snarky about his reputation among the discontent crowd with a "deal with it attitude," but it's not like he's concerned about people who aren't his customers. So...oh well. Nothing can be done about it :/
While he has some interesting points, I'm not totally keen about Iwata San being a bad CEO. Maybe for the investors at the moment, yes. But I really like the CEO's intentions for what he's trying to do with respect to the gaming industry.
Why would Pachter care what Nintendo fans think of him? They're not his customers. His customers are the people that would have been upset if he HAD advise them to invest in Nintendo.
And any CEO that allows his company to lose 80% of its value is difficult to defend as a competent CEO. Not all of it is Iwata's fault - Japan's economy blows. But by the same token there are Japanese companies that are performing well despite the Japanese economy, even in the games industry - GREE, for instance.
Nintendo fans need to learn that business is not personal. Pachter does not have a personal grudge against the company (although the behavior of the fans would make it hard not to grow to dislike the company, negative associations and all that), But when Pachter says Nintendo is a bad investment, that is just plain good logic.
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Topic: That Michael Pachter Thread
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