Pachter: Wii U is in Trouble - NewsWilliam D'Angelo, posted on 05 July 2013 / 11,051 Views
Wedbush analyst Michael Pachter has told ABC News 10 that Nintendo's latest home console, the Wii U, has struggled since launch and the lack of third party support as the biggest problem. Publishers are focused on developing games for the PlayStation 4 and Xbox One right now.
"The publishers are pretty excited to support the Xbox One and the PS4 - they really didn't say anything about the Wii U," said Pachter. "And we know EA has no games in development for Wii U."
"If Activision pulls support; if you see Ubisoft, you see Take-Two pull support, the Wii U is a Nintendo-only gaming device which is they way they were back with the Nintendo Entertainment System in 1985," Pachter continued. "They're not going to sell a lot of consoles if they don't have games like FIFA and Battlefield and Call of Duty and Grand Theft Auto."
Pachter added that since the PlayStation 4 is launching at only $50 more than the Wii U, "Why would anybody buy a Wii U?"
However, a price cut along with the release core Nintendo titles could help give the Wii U a shot in the arm.