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Next round of consoles not before 2013

Posted on Monday, 4 May 2009 by Speed, source: Edge Online
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Wedbush-Morgan analyst Michael Pachter has given his latest predictions regarding the console cycle and it seems we should expect anything new anytime soon.

According to him, we should in fact not expect any new consoles to arrive before 2013 at the earliest:

“We do not expect a “new” console in 2010 (other than the long-rumoured high definition Wii, which is likely to upgrade the Wii to current console technology),” he wrote in an industry newsletter.

“We do not expect the ‘next’ generation to begin before 2013, if at all,” he added.

“We remain convinced that the publishers will resist the introduction of any video game hardware technology that requires a refresh of software, as the publishers have as yet to capitalise on the immense investments made in being competitive in the current cycle.
Seeing the current economic crisis, one doesn't have to be a genius to understand Microsoft, Sony and Nintendo don't want to release new hardware (other than a hi-def Wii maybe).
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