He has some decent points and like all these analysts - regardless of industry - his job is to advise clients and make these kinds of comments in a vain attempt to influence the companies in question. I don't really have a problem with what he says, I have a problem with the stock market which enables these kinds of comments.
Really I think Nintendo stock taking a dive and the company going private would be a great outcome. It would mean industry comments like Pachter's would be totally irrelevant and Nintendo could focus more on running its business than keeping shareholders happy.
More likely outcome if Nintendo's share price tanked is the company will be acquired by a healthier one.
I know everyone here always gives Pachter a hard time, but to be fair, compared to Nintendo fans' predictions (which start and end with: "All Nintendo consoles will destroy all the competition all the time"), the guy's frigging Nostradamus.
How many times has Nostradamus been correct? not everytime. Pachter is a fruitloaf, he only makes sweet predictions but the result is always half-baked or worse, he gets burned.
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I know everyone here always gives Pachter a hard time, but to be fair, compared to Nintendo fans' predictions (which start and end with: "All Nintendo consoles will destroy all the competition all the time"), the guy's frigging Nostradamus.
How many times has Nostradamus been correct? not everytime. Pachter is a fruitloaf, he only makes sweet predictions but the result is always half-baked or worse, he gets burned.
Did you read his reasoning for having the opinion he does that I posted a little while ago? Probably not. I know you said you hate the guy, which seems a little strange to me, but maybe you should at least see where he is coming from.
Again, I apologize for opening this subject. I'm with the majority of you in that I'm tired of all the doom being forecasted. It's far too early to draw any conclusion about Wii U. If I had been aware of Mr. Pachter's well-stated follow-up to the original remarks, I never would have opened the subject. Based on the information I had, I believed Mr. Pachter was suggesting that the company would never recover if the Wii U did not fare well. I only intended to mock his initial remarks; not create another debate about Wii U's fortunes, Nintendo's fortunes or the gaming indiustry's fortunes. Nintendo will continue long past Wii U, regardless of the console's degree of success. Let's get back to talking about the games. ~~ Spear
More likely outcome if Nintendo's share price tanked is the company will be acquired by a healthier one.
That all depends on who the majority shareholders are at the time and what they want to do.
Regarding brooks' quote, it's very good to have the comments in context and Mr. Pachter's reasoning seems sound. Anecdotally I was hoping to avoid boarding the 3DS train and just hand down my iPad 3 to my daughter when upgrade time comes in the next year or two, but she's big on Pokemon so I'll be the nice daddy and get it for her. Unless she remains faithful to that franchise, however I expect this will be her second and last Nintendo handheld. As it is she spends more time on my iPad and the Wii U than on her DSi.
If Iwata does fall on his sword who's to say we won't see Nintendo games on other platforms? It all depends on how influential Nintendo shareholders are.
I've always wondered whether Pachter owned Microsoft or Sony stock and was deliberately trying to screw Nintendo over. I mean, it's the only way I can think he can predict the death of a company that's been doing pretty well for a hundred or so years (literally).
I've always wondered whether Pachter owned Microsoft or Sony stock and was deliberately trying to screw Nintendo over. I mean, it's the only way I can think he can predict the death of a company that's been doing pretty well for a hundred or so years (literally).
I kinda think of him like I think IGN: IGN reviews Nintendo games, but they dislike Nintendo. Pacter talks about Nintendo, but he dislikes Nintendo. So basically anything either of them says bad about something Nintendo's doing should be ignored.
So basically anything either of them says bad about something Nintendo's doing should be ignored.
That's just plain ridiculous.
Here, I'll give 2 examples, one from each.
IGN's example: They don't strongly like almost any 3DS 1st party game, except maybe FEA and one other (forgot what it was).
Pachter's example: Basically since the Wii U has been announced, ANY time he's had something to say about it's been bad. The one time he didn't say something bad about it was at the presentation/unveiling thing in September. And even THAT was short lived.
Once again, he's not an idiot or else he wouldn't still have a job. His only mistake is making these comments to the press instead of to clients because the average person takes this out of context.
Honestly I wish people would stop reporting his comments as news. It isn't news. It's an analyst doing his job.
I'm sorry, but I'd love to know exactly how anyone can think this guy is an even remotely decent analyst. His 'analysis' has turned out wrong more times than right (he probably has a lower success rate than random chance or TV psychics do), he predicts the same things year after year despite plenty of evidence to the contrary and seems to have no real knowledge of what average people want at all.
If I was a client paying for analysis, I'd have found a better analyst and firm a long time ago...
I'm sorry, but I'd love to know exactly how anyone can think this guy is an even remotely decent analyst. His 'analysis' has turned out wrong more times than right (he probably has a lower success rate than random chance or TV psychics do), he predicts the same things year after year despite plenty of evidence to the contrary and seems to have no real knowledge of what average people want at all.
If I was a client paying for analysis, I'd have found a better analyst and firm a long time ago...
This. His analysis has repeatedly been wrong for years.
I'm sorry, but I'd love to know exactly how anyone can think this guy is an even remotely decent analyst. His 'analysis' has turned out wrong more times than right (he probably has a lower success rate than random chance or TV psychics do), he predicts the same things year after year despite plenty of evidence to the contrary and seems to have no real knowledge of what average people want at all.
If I was a client paying for analysis, I'd have found a better analyst and firm a long time ago...
I'm sorry, I take it you have insider information as to the predictions he makes day to day for his clients? Of course the ones that make it to the press are the controversial ones, the press loves controversy. If he was really that bad of an analyst, he wouldn't still have a job at such a successful firm.
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I'm sorry, but I'd love to know exactly how anyone can think this guy is an even remotely decent analyst. His 'analysis' has turned out wrong more times than right (he probably has a lower success rate than random chance or TV psychics do), he predicts the same things year after year despite plenty of evidence to the contrary and seems to have no real knowledge of what average people want at all.
If I was a client paying for analysis, I'd have found a better analyst and firm a long time ago...
I dunno, I actually find him interesting to read. He makes some valid points and backs it up pretty well, even if it is in a separate follow up. I having a passing interest in boring stuff like profit vs. costs.
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Topic: Predictable Pachter: 'Nintendo Probably Can't Recover from' Wii U
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