"Xbox One X will not do well," says analyst
Ok, it's Pachter.
With Microsoft bringing a beefed up Xbox One X in the coming months, analysts taking every chance they get to predict whether or not the console will succeed in the current market.
In an interview with GamingBolt, Wedbush Securities analyst Michael Pachter once again revealed his predictions for the games industry. This time, Pachter focused on the upcoming console from Microsoft, the Xbox One X.
According to Pachter, the $500 price point is simply too much for people to pay for a gaming console at this point.
“So I think $500 is a lot, and I think we’ve been trained since at least the PlayStation, and probably since before then – I don’t actually remember what the NES was at launch – that $300 is the price point people are willing to pay."
“An Xbox One X costs as much as an Xbox One S and PS4 Slim combined- so if you don’t have an Xbox One yet, any kind, why would you buy a One X instead of a One S, and a PS4 to go with it too? I just don’t get it. I don’t think they are doing themselves any favor at this price point. I know they are selling the appeal of 4K, but let’s be real, probably fewer than 10% of US households have a 4KTV, and certainly way less than that in any other developed country. So who is waiting for this? Next year, maybe around the end of 2017, we’ll probably be closer to 20% US households, and 10% for the rest of the world. And by the end of 2018, we’ll probably be at 35% and 20% respectively, and by 2019, we’ll probably be at 50% and 30%. So yes, it’s a more relevant purchase down the line, but… at $500, if I had only that money in my pocket, and I had to choose between an Xbox One X and a 4KTV, I would buy a 4K TV. So, they’re only appealing to people who have $1100, because they have to buy a TV as well. This is the same problem Oculus faced. I really think the Xbox One X will not do well.”
If we were to look at Pachter's other predictions, we would see he called for the PlayStation 5 to release in 2019 (even though Sony said it would be "some time" before we saw that). Before that, Pachter claimed that the Xbox One and PS4 would be the last 'real' console cycle, which is something he called for a year prior to that statement.