Popular Wedbush Morgan analyst Michael Pachter believes that Nintendo have priced their forthcoming 3DS console too low and subsequently will regret their pricing strategy.
“It’s going to sell out and they’re leaving money on the table. It’s not shareholder friendly, but consumers are going to love the $249 price point.”
Pachter added that “most consumers” would expect the device, which allows users to play 3D video games without wearing glasses, to be priced at “$300 or more.” The 3DS will look like a “bargain,” he said. As a result, consumers will scoop them all up.
- Michael Pachter