Pachter eyes Wii price cut
News - PS3 could be slashed later this year, too
Wedbush Morgan analyst Michael 'the PSP Go's a rip off' Pachter has said that he expects Nintendo to cut the price of the Wii console later in 2009.
The businessman says that Nintendo may be forced into making the move in order to meet their lofty shipment targets.
"Wii supply has finally exceeded demand, so we expect hardware sales to show year-over-year decreases for the first half of 2009," he offered in a fresh research note.
"In order to hit its full-year Wii shipment forecast, we expect Nintendo to cut the price of the Wii before [the] holiday, likely to 199.99 USD."
Meanwhile, Pachter also sees a PS3 price cut emerging later this year, with Microsoft likely to respond through new Xbox 360 bundles or even a price cut of their own.
© 2010 Ferrago Ltd