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UBS: 'Weak' PS3 Could Impact Game Sector

In a 92-page report initiating its coverage of the video game industry, UBS Investment Research outlined its views on the sector and provided forecasts for the big three console makers.

Analyst Benjamin A. Schachter said that ultimately, it's all about the games. It obviously sounds simple, "but history is rife with examples showing just how difficult this seemingly simple goal can be to achieve," he said. Now that the three new consoles have been on the market for a while, what it comes down to is providing great content to drive the respective platforms. This is especially key to Sony's PlayStation 3, which has had a bumpy ride in its early life.

Schachter is concerned that if things don't shape up for the PS3 in the near future, that it could hurt the top publishers and retailers in the sector. "The weak launch of the PS3 may be rectified by price cuts and new drive titles, but there is no guarantee. If PS3 continues to disappoint, it could impact the entire group," he said. "We think Sony needs not only to make a price cut, but also buy or develop 'must have' exclusive content in order to drive hardware sales."

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biz.gamedaily.com
power of Green 6995d ago (Edited 6995d ago )

Durrr...

EDIT:

Below: you got all that out of "durrr"?. I know its a touchy subject but theres no reason to make something out of nothing. The guys saying PS3 will not just magicly catch up to its competition. No company's going to step aside for PS3 to pass them up in 2007 or 2008. Its going to take more than a couple of games later on this year.

fenderputty6995d ago (Edited 6995d ago )

Sheesh ... you all act like the PS3 isn't getting good games. I know most aren't here yet but, they are coming.

Edit: I wasn't trying to flame, I was just pointing out that good exclusive content is on the way. Why is that bad?

consolewar6995d ago (Edited 6995d ago )

you said" you all act like the PS3 isn't getting good games. I know most aren't here yet but, they are coming"

He complains about something that is obvious, no games = poor sales.
You complain about people complaining for lack of games wich is obvious what people not satisfied will normally do(complain). DUH

Amplifier6995d ago

Can we get it anymore clearly, the glass on the window is starting to rub off! Of course it does and they are well on the way. Seesh!

@mp

brianodom6995d ago

Has anyone noticed the xbox is sorta dry too?

i think the games will be coming for both systems a little after e3...

analysts need to be worried about things that matter like a war ..our market...gas prices..you get the picture

UrbanJabroni6995d ago

E3 is NOTHING like it was before. Many 3rd party publishers are just not showing up (literally, not showing up).

I think that the next "push" will be at Sony's and Microsoft's respective shows...assuming developers can reach the deadlines...

techie6995d ago

I agree. Price cut and must have exclusives. Done and Done. :)

Bigmac5736995d ago

Not the PS3. Change the title

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60°

Final Fantasy X 25th Anniversary Website Launches With New Nomura Artwork and Merchandise

Square Enix launches Final Fantasy X 25th anniversary site, revealing new Nomura art, books, music releases, and merchandise.

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twistedvoxel.com
-Foxtrot57d ago

Look I know VIII has its issues and all that but how on earth can the do big anniversary events with new artwork and merchandise for VII, IX and X yet VIII got sweet f*** all.

They could have given it something during its 25th anniversary yet all it got was a single Happy Anniversary post on their social media.

solideagle57d ago

they should know that we are OG fans of VIII as it sold truckload as well. not as much as VII or X. I personally didn't like IX but X and VI are my personal fav.

Shadow Hearts 2 covenant is another game I love. I hope one day someone can make remake, I would be delighted

Relientk7757d ago

Final Fantasy VIII is great and you are always the first to defend it in the comments

30°

FuRyu teases new game ‘Project Alice’ to be announced on April 25

FuRuy has opened a Twitter account called “Project Alice” teasing a new game announcement on April 25 at 20:30 JST.

40°

15 Years Ago, Mortal Kombat (2011) Saved Gaming’s Biggest Fighting Franchise

A brutal reset, a smarter story, and a return to what made it great—Mortal Kombat (2011) revived the series.

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fortressofsolitude.co.za
italiangamer66d ago

"Gaming’s Biggest Fighting Franchise"

Press X to (seriously) doubt.

DarXyde64d ago

Underrated comment. I used to hate that game so much that any time my siblings asked me to play it, I just picked Hom and shut myself down mid-match.

Soy64d ago

And then MK1 killed it again.

DivineHand12564d ago (Edited 64d ago )

15 years went by so fast. I remember playing through the story mode at launch.