You can check out Michael Pachter’s recent bashing of PlayStation Now by heading here (and here and here), but for Wedbush Securities’ predictions for US retail sales in January 2014 (of which they’re usually quite accurate with), keep reading.
According to Wedbush (via GI.Biz), January 2014 software sales in the US will be down 20% to $300 million, with the PS3 and Xbox 360 continuing to decline. As for the PS4 and Xbox One, they believe the shortage of systems following the holidays have resulted in people holding off on buying a new-gen system.
Here’s Wedbush’s predictions for new-gen console sales in January 2014:
- PlayStation 4 – 375,000
- Xbox One – 350,000
- Wii U – 60,000
Michael Pachter also offered up a statement about software sales expectations throughout the year:
In a nutshell, we think that the rapid ramp in sell-through for next generation consoles will cause an unprecedented ramp in next generation software sales, and notwithstanding current generation software sales weakness, we expect overall industry software sales to rebound into positive territory later this year. We believe this rebound is not only sustainable, but we expect it to be dramatic in the back half of the year, with double-digit gains expected.
The full NPD report for January 2014 will be revealed on Thursday, February 13th, but if the Xbox One did happen to beat the PS4 or the Xbox 360 beat the PS3, expect to hear news from Major Nelson through Twitter on Thursday before the full report is issued.