Analyst firm Wedbush Morgan has released scribblings, predictive scribblings, that no new console hardware will be launching until "several years from now, if at all."
They also don't expect hardware or software sales will "peak any time soon." They believe Nintendo Wii to win this generation, with PS3 overtaking Xbox 360 in 2011 by 5 million units.
"Because it is eminently clear that no new console is planned for launch in 2010 (the fifth year of the current cycle), we do not expect hardware or software sales to peak any time soon," said the Wedbush Morgan report.
"Rather, we expect that hardware and software sales will peak, as they have in the past, in the year prior to the introduction of a new console; this cycle, we think that will happen several years from now, if at all," they went on.
"Hence, we believe that the “peak” of the cycle will be in year n-1, with “n” representing the launch of a next generation console. As we believe that will not occur until 2013 or later, we calculate year n-1 as 2012 or later."
The analysts predict Wii will have sold 93 million units around the world by 2011, with the PS3 standing at 49 million and Xbox 360 in third place with 44 million. Something to it, or just the usual suits throwing figures around?
Wedbush: The next console gen will "not occur until 2013 or later"
30 June 2009 | By Simon Priest