Famed Wedbush Morgan industry analyst Michael Pachter has sent out his monthly note and E3 preview to a select few. In the notes Pachter comments on what he expects from Nintendo at this year’s E3 event. Pachter says that he believes Nintendo will have a more subdued E3 than Microsoft and Sony with a lack of compelling third-party content for its systems. Interestingly he thinks that Nintendo may introduce a $50 price cut for the Wii U in an effort to boost sales of the console.
“We expect Nintendo to have a more subdued E3 than its peers.
We expect a number of high-profile game announcements for the Wii U, which continues to struggle despite a September 2013 price cut. We believe Super Smash Bros. will be the most high-profile Wii U release on display, with a broadcasted invitational tournament on Tuesday. We do not expect a lot of compelling third-party content for Nintendo hardware. In addition to games, Nintendo may also announce a Wii U hardware price cut of up to $50 to further jumpstart sales, with a Wii hardware price cut to $99 a possibility as well.”