Pachter predicts primarily PS3 posting profits for GameStop in 2008

by Nick Doerr { Nov 6th 2007 at 2:45PM }

If you love guessing games as much as we do, can we recommend the title Analyst Butt Number Awesome Pull Fun Time Special Vol. 1? Michael Pachter, voice of Wedbush Morgan Securities analysts, has come out with another estimate of positive proportions for both Sony and GameStop, resulting from the $399 PS3 SKU. In addition to Halo 3 sales bolstering GameStop's bottom like, Pachter says the new PS3 is expecting to pull in a "20% comp in the January 2008 quarter ..." and the new PS3 "should drive a significant amount of traffic GameStop's way this holiday."

Spreading his cards out into April of 2008, Pachter sites big-hitter titles like FFXIII and LittleBigPlanet will assist in continued profits throughout 2008. Interestingly, Pachter is only citing Sony-based material for these continued profits after mentioning a possible 360 price cut to counter the rumored PS2 price cut. It's interesting, as each console has some pretty big titles landing in 2008, but for many gamers, eyes are on the PS3 to deliver a monolithic smattering of quality games.

Tags: michael-pachter

Reader Comments (Page 1 of 1)

apease @ Nov 6th 2007 3:09PM

Wow, he really thinks FF 13 will hit the U.S. next year?

Gambit07 @ Nov 6th 2007 3:42PM

I predict that I will get smacked by the girl next doors dad for kissing her.

Skyfire360 @ Nov 6th 2007 3:48PM

Always avoid analytical alliteration. Artificial amatures aren't at all amazing.
- Anonymous

On topic: I don't think Pratcher has ever made a single correct prediction. How does he still have a job? Luckily for him this prediction seems as obvious as "water is wet" and "dirt is dirty."

JerJerBinks @ Nov 6th 2007 3:55PM

I predict that I will get kicked in the nuts for banging my co-workers daughter.

No, really. This one is spot on. Place your bets now.

upz @ Nov 6th 2007 4:16PM

Skyfire, actually Pachter's right far more often than he's wrong. It's just that whenever he makes conservative predictions that pan out, everyone says "Duh! Who didn't know that?" Whenever he makes outlandish ones, everyone screams that he's an idiotic loon. When those predictions turn out to be wrong, they say "See? Told you so! That guy's ALWAYS wrong!" Yet when those predictions turn out to be right, they conveniently forget that some Pachter guy said it might happen.

Remember when he upgraded Activision stock to "strong buy" last quarter? Well I do, and me and my pocketbook are pretty happy about it.