Xbox 720 Rumors Are Silly, says Analyst
There have been plenty of rumors surrounding the next generation consoles from Sony and Microsoft. The most recent of them point to holiday 2012 as a possible launch window for the Xbox 720, but one analyst begs to differ. Wedbush Securities analyst Michael Pachter believes that this is just silly. From the business side, Microsoft is still selling plenty of Xbox 360's which leads Pachter in the belief that the company will release another updated version of the console.
Pachter recently talked to Industry Gamers about these silly rumors and his predictions for Microsoft in 2012.
"Those rumors are silly. Microsoft is still selling a ton of Xbox 360s, and they won't replace the existing one until sales begin to slow. I think the rumors are based upon leaks about modifying the current Xbox 360 to allow it to operate Windows 8," Pachter commented. "I fully expect a new model of Xbox 360 by holiday 2012, but don't think we see a new console altogether from Microsoft until 2014."
Recent NPD data has shown that the company has been doing extremely well over the last year with sales of the Xbox 360. Continually topping itself, is there truly a reason for the next generation of consoles to arrive? We'll have to wait and see, but with sales doing so well, I don't think anyone in their right mind would expect Microsoft to announce anything that would deter people from buying their current generation offering.
By Al McCarthy on November 21, 2011
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