Wedbush Morgan’s Michael Pachter has famously not been the most complimentary to Nintendo in the past, and it doesn’t look like he is about to change his ways anytime soon.Pachter, this time, says he does not know why “Iwata is still employed.”
GamesIndustry report that Pachter addressed Game Monetization USA Summit attendees, outlining the Wii U’s commercial performance, which he says has been “underwhelming.”
Pachter does not even believe any future titles could change the Nintendo console’s popularity, claiming that it was “possible but unlikely” that future titles could see a risen demand for the Wii U.
“They steadfastly refuse to consider that [Wii U] is not interesting to consumers, he claimed.
“They will fail to hit 9m, and they will likely miss their profit goals.
“Nintendo’s in a world of trouble right now. I think they are at the bottom of a huge mountain with a huge uphill climb. I don’t think they’re going to get that mojo back. The way it shakes out is anyone who actually buys a Wii U really is a hardcore gamer and is going to buy a PS4 and Xbox One in addition so they can play those third party titles that they love. So I think Nintendo becomes a distant third in this console race.
“EA recently announced that it had no Wii U games in development, and it remains a possibility that the publisher will abandon the platform entirely. Should other third parties follow EA’s lead, the Wii U could be relegated to a first party only platform.
“I don’t get [Wii U]. I think that essentially this is a solution in search of a problem. I mean, somebody had an idea – ‘let’s make the controller a tablet’ – and there aren’t many games that are going to take advantage of that. [The Wii was] gimmicky. It worked, they got lucky. I don’t think they’re getting lucky with Wii U. I don’t think [Nintendo] suck – I just think that they really believe that, ‘If we’re still novel, everything we do will work’. This isn’t going to work. Hardcore gamers will buy them; hardcore Nintendo fanboys will buy it. They could put out a piece of cardboard and say that it’ll play Mario and they’ll buy it.”
He continued to add that Nintendo is also missing a “huge opportunity” by not releasing its back-catalogue of portable titles to mobile devices.