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Xbox 720 rumors have been circulating quite a bit in recent weeks, with multiple sources claiming that the next-gen console might even launch by the end of next year to give Nintendo's Wii U a real challenge. The most recent report stated that Ubisoft Montreal is currently working with 'target boxes' and "all signs point to the finalized console arriving at retail in late 2012." If you ask Wedbush Securities analyst Michael Pachter, however, it's all hogwash.
Speaking to IndustryGamers in an upcoming "Pachter's Podium" column, the analyst told us that launching an Xbox 360 successor by the end of 2012 doesn't make much sense for Microsoft. Instead, he's fairly confident that Microsoft is actually getting set to release an updated version of the Xbox 360.
"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."
The Xbox 360 is already 6 years old, but it's still doing tremendously well and has room for further price cuts.
Source: industrygamers.com
Speaking to IndustryGamers in an upcoming "Pachter's Podium" column, the analyst told us that launching an Xbox 360 successor by the end of 2012 doesn't make much sense for Microsoft. Instead, he's fairly confident that Microsoft is actually getting set to release an updated version of the Xbox 360.
"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."
The Xbox 360 is already 6 years old, but it's still doing tremendously well and has room for further price cuts.
Source: industrygamers.com