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Thursday, July 14, 2005
Analyst sees growth, but not from next-gen consoles
"With 84 million current-gen consoles in US and Euro markets, Wedbush
report says publishers would be "insane" to heavy-up on next-gen development.
report says publishers would be "insane" to heavy-up on next-gen development.
In Wedbush Morgan Securities' exhaustive annual report on the state of the gaming industry released last week, analysts Michael Pachter and Edward Woo poked holes in some commonly held beliefs about the industry's short-term future...and forecasted a period of steady, controlled annual sales growth of 10 to 12 percent in the coming years.
The idea of such stable growth seems to run counterintuitive to a gaming industry on the verge of a new generation of consoles, but Pachter and Woo believe the current generation of systems still has life left in it."
The idea of such stable growth seems to run counterintuitive to a gaming industry on the verge of a new generation of consoles, but Pachter and Woo believe the current generation of systems still has life left in it."
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D.Vader // 7/14/2005 03:11:00 PM //
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