620°

Michael Pachter Predicts PS5/Project Scarlett Prices, GameStop's Fall, and the Future of Streaming

The 1099 Podcast notes:

"The man of many headlines returns. Famed analyst and host of the Pachter Factor, Michael Pachter, joins the 1099 once again to discuss the shaky future of GameStop after its stock value plummets, what the future of game streaming looks like for Google Stadia, Microsoft's XCloud, and even PlayStation, and what prices we can expect for next-gen hardware like the PS5 and Xbox Scarlett. If you want all the business talk you can handle, you've found it."

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prankster1011792d ago

And then there's the talk in small print of the Switch becoming irrelevant at the end of next year.

Nintendo had a nice run...

Neonridr1792d ago

Nintendo will never be irrelevant. They do their own thing. They aren't getting caught up in the pissing match between the other two. People will continue to buy their hardware because if there is one thing they do well is that they make fun games.

Neonridr1792d ago

@rokkbrin - the Wii U still had some fun games, regardless if the hardware didn't sell. Much like people say the Vita isn't a complete failure as well.

Sophisticated_Chap1791d ago

If Nintendo had created another console, with the same results as the WiiU, they would have been in huge trouble financially. They are lucky that the Switch took off the way it did. Its tue though, that you have to give them full credit for reinventing themselves once again. It will be interesting to see what they come up with next.

gangsta_red1791d ago

"the wii u say's hi."

How does that even make sense considering the immensely successful follow up of the Switch?

TheHateTheyGive1791d ago

They left the dedicated home console business and went handheld.

Edito1791d ago

Not fun for me... last nintendo console I owned was the 64 because of MK Trilogy was best there (I'm not going to count the Wii) Played switch once or twice and it's not for me...

Neonridr1791d ago

@Edito - that's cool, it's not for everyone. We all have different tastes.

Knushwood Butt1791d ago

So why is Miyamoto desperately trying to defend Nintendo's VR and online offerings?

Neonridr1791d ago

@Knushwood - because some people out there feel the need to compare and criticize Nintendo for everything they do. Labo VR for example was nothing more than just a novelty, it wasn't mean to compete with PSVR or the PC VR offerings. Just something to try out.

nucky641791d ago (Edited 1791d ago )

really neonridr? gamecube sold 22 million. N64 sold around 35 million. that's 57 million in 2 gens. the ps1 sold 104 million....... ps2 sold 157 million. the wiiu was a dud. the wii sold because it had a new gimmick with motion control but that fad passed.
sure, nintendo does it's own thing - but i wouldn't say they've had the best run of over the last 20+ years.
edit - really, it's their handhelds that have kept them "relevant" but now they face stiff competition in that market. i think it'll be interesting to see what they do next year when the other 2 launch new consoles. i think they'll have to step it up some and not continue to make lesser powered, cheap-looking equipment. "doing their own thing", in that regard, won't work with all the new tech that's available with consoles and smartphones. they'll HAVE to start competing at some point.

TheUndertaker851790d ago

Nintendo printed trading cards longer than they've produced anything electronic. They also ran brothels and cab companies.

Nintendo has become irrelevant numerous times already and all signs point to them doing it again.

Knushwood Butt1790d ago

@ Neon

Labo VR is just a novelty? I'd like to hear that from Miyamoto.

Neonridr1790d ago

@Knushwood - Nintendo didn't suddenly just add VR support to Labo to be an actual means of competition with actual VR. Considering everything is just an experience or a short demo, how can you even begin to compare the two? One is cardboard that uses the Switch, one is an actual headset full of tech.

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1791d ago Replies(3)
quent1791d ago

The Nintendo brand is too big to become irrelevant, they are to videogames what Disney are to animation

1791d ago
spwittbold1791d ago

No-one is "too big," to become irrelevant.
Big players become irrelevant all the time.

UltraNova1791d ago (Edited 1791d ago )

Both a full on handheld and a "Pro" Switch models are coming, so its your comment that's irrelevant.

TheUndertaker851790d ago

Source please? I don’t think you have them as there is zero details about the new SKUs. For all people know it could be nothing more than a “Switch XL” or “2Switch” situation. Upgraded screen size on one with higher cost. Lite version for those looking to spend less.

Plus as Nintendo did with the 3DS line it will be entirely possible that future Switch games programmed around a higher end model will not work on the current model or any lite revisions.

UltraNova1790d ago (Edited 1790d ago )

https://www.polygon.com/201...

@theundertaker85.

How's that for proof?

TheUndertaker851790d ago

Where's the "XL" listed in that again? 🤔

Plus I literally called it one to one before that story was even posted. As everyone knows how Nintendo handled 3DS.

Losing features going to Lite makes Lite irrelevant. The base Switch will also be irrelevant with the launch of a XL model as XL will likely have titles that only work on it. As that's what Nintendo does.

I think what you meant to say honestly is at the time of your post you had zero proof. Even still the way Nintendo handles electronics lately shows why Nintendo themselves make their own products irrelevant.

Scatpants1791d ago

Why, is there going to be a new best handheld ever? I'd like one that plays all my Steam games but that Smach Zero is looking like vapor hardware.

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PhantomS421791d ago

This hack is still around? I completely forgot about this guy. I'm sure he is wrong about everything as usual.

harmny1791d ago

he may be wrong about everything as the gaming community thinks. but the guy makes hundreds of thousands of dollars being "wrong" all the time. sounds like a pretty nice job to me

Neonridr1791d ago

basically whatever he says will happen, just go with the opposite to be safe :P

1791d ago
Orionsangel1791d ago

He calls us babies. He just loves yelling at clouds.

RizBiz1791d ago

He wouldn't have a job if he was wrong about everything. He knows the industry better than you ever will.

PhantomS421791d ago

Have you ever actually looked at his track record? Majority of the time he is completely wrong.

indysurfn1791d ago

Ummmmm his REAL job is not to publish what he really thinks to the public. But instead save that for his direct PAYING customers. If he gets the public to sell a stock, his clients can then buy that stock cheap! If he gets the public to buy a stock his clients can then sell that stock at a higher price!

He is NOT your adviser, unless your one of his clients!

traumadisaster1791d ago

Ive watched his weekly video for years, I like his insight even if I don’t agree. He’s an insider and does have some good takes on things.

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Platformgamer1791d ago (Edited 1791d ago )

this baffoon is still around?
his predictions are 90% false and the ones he gets are like the obvious ones that i can predict too ahaha

Tross1791d ago

Apparently you don't even need to be right most of the time to do his job. I wonder how to get into that field. It seems to pay well, and all you really need to do is throw out armchair conjecture periodically.

harmny1791d ago (Edited 1791d ago )

sure. i guess rich investors are stupid they seem to like to throw money at morons that never get anything right

DillyDilly1791d ago

People here loves this guy when he makes positive Playstation predictions lol

Platformgamer1791d ago

but the "positive playstation predictions" are still obvious ones

Sm00thNinja1790d ago

100 dilly. I was just looking back at an article where people were defending him making statements about PSVR that were positive. Pick and choose people.

RizBiz1791d ago ShowReplies(1)
ryuuzakibjorn1791d ago

Why is this guy still being posted? Pretty much every time his "predictions" end up incorrect and he just wastes everybody's time.

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250°

Take-Two CEO Doesn’t Think AI Will Reduce Employment or Dev Costs; “Stupidest Thing” He’s Heard

Take-Two CEO Strauss Zelnick doesn't think AI will reduce employment or lower development costs, and calls it "stupidest thing" he's ever heard.

lodossrage1d 3h ago (Edited 1d 3h ago )

They already have AI trained to do coding.......

How he thinks it's stupid is beyond me, Especially since we see it happening in real time.

CS71d 1h ago

Company A has 300 employees and lays of 200 to replace them with AI to release the same quality game.

Company B has 300 employees and keeps all 300 but instead uses AI to release a game with dramatically larger scale, scope, complexity, short dev cycle etc.

Company B would release a dramatically better product by using humans + AI and consumers would buy the better game.

I actually agree with this concept.

Huey_My_D_Long1d 1h ago (Edited 1d 1h ago )

This is key facet. Its how the AI is used. It's actually is impressive as is and really would make an amazing addition to alot of people in their jobs, not just tech. It also has the potential for businesses to use to lay off large amounts of people, as much as they could to save money on labor. I hope too many companies don't go with the latter. But since usually companies are worried about bottom line over people...we will see some try and hopefully fail. But yeah, if its to help workers like in your company B scenario I'm totally down...Just scared Company A may be too enticing to some ceos and businesses.

Darkegg1d 1h ago

Value of AI and value of humans will both be increased with human-AI complex. Each, by themselves, will not be independently better than the other. Whether AI will ever be independent from humans is the fear question of humans, ironically because of our doing. At this stage, most of the doing is because of humans, not because of AI. AI is doing exactly that by our design, until we have failed ourselves with an AI development that went awry. The biggest take is that humans have only ourselves to blame when things become wrong, and we have to decide what is the ultimate goal with AI we want to accomplish. It would take a person with high morals and high ethics to make right of AI. I would not want businessman to decide what AI should do or what capabilities it can have. AI should be in the hands of people with high moral fiber, or those operating on love, kindness, and compassion.

BlackOni1d ago

AI is SUPPOSED to be used as a tool, not a replacement. It's designed to do two important things artists can take advantage of immediately.

- Make the ideation/reference imaging process much quicker and easier (basically using it as a google search)
- Make mundane and time consuming tasks faster and easier so more time is spent on creation.

Unfortunately, what many have done is used it as a way to replace rather than supplement.

Einhander197221h ago(Edited 21h ago)

CS7

In the ideal world yes.

In the real world where companies have shown little desire to innovate and spent every effort to maximize profits the end result will be the same quality games (if were lucky) made by less people and more AI.

Company Real World: Fires 200 people and makes the same game cheaper using AI and the executives get record bonuses.

Edit:

Lets look at history, specifically auto manufacturing.

In the 70's and 80's the auto unions tried to oppose automation of jobs (robots) stating that they would take peoples jobs. And the people in charge who wanted to make more money said the exact same types of things that are being said about AI. But we can look at history and see that countless types of jobs were in fact replaced by automation, that was of course even compounded upon by computers.

The net effect was that the rich got richer less jobs were needed so wages were forced down by competition for the jobs that were left.

hombreacabado3h ago

that concept works in the initial beginning phase of AI but once AI learns and surpasses the knowledge and coding expertise of even the best human employee than this CEO will no longer need competent humans in that line of work.

Extermin8or3_1h ago

@Hue_My£D_Long

Yes but that is a choice then by massively increased productivity and this greater income and wealth and stagnating with similar levels of productivity and output and not creating much wealth. Usually the option that creates wealth prevails because a rising tide raises all ships.

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Number1TailzFan1d 1h ago

You can already make your own SFX with text prompts now as well, of course it will lower development cost and time

1Victor1d 1h ago (Edited 1d 1h ago )

WARNING WARNING ‼️ SARCASM AHEAD
Sure Strauss and robots didn’t take jobs from car factories.
Edit:Sad thing is he believes it and unfortunately he won’t be replaced for a long time by AI

senorfartcushion23h ago(Edited 23h ago)

He doesn't, he's just lying. These people lay people off so they can get bonuses. If AI takes jobs, their bonus goes bigger and the workforce goes smaller.

porkChop21h ago

Because he sees AI as a tool to aid development. He wants to use AI to help make bigger and better games in the same timeframe. Other CEOs want to replace devs with AI to cut costs and make lifeless games faster for a quick buck. Strauss has the right idea, this is how AI should be used. To extend and expand the capabilities of devs.

neutralgamer19922h ago

There will be few companies who will go overboard and try to replace their employees with AI tech. The ones that will make the most money will be the ones that utilize ai, along with their employee talent, to make the best product possible

AI could handle some of the most time consuming processes. To expediate the development, so in return, costing the publisher's last money end time.

Extermin8or3_1h ago

Not reliably they haven't. Coding done by ai is generally abysmal for all but the most generic tasks.

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jambola1d 3h ago

Ceo says stupid thing
Part 5837384

Zeref1d 1h ago (Edited 1d 1h ago )

I think maybe sometimes we give people in these positions too much credit when it comes to intelligence.

DarXyde6h ago

I think you mean candor, not intelligence.

If you take him to mean what he's saying at face value, sure.

I don't. And I think he's clearly lying.

romulus231d 1h ago

As long as it doesn't effect his inflated executive salary or his ridiculous bonuses I'm sure he's fine with it.

RNTody1d 1h ago

Hahaha yeah trust the CEO suit over the actual developers making the games. Good one.

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340°

Trying to push players over from PC to console is a terrible idea, PlayStation

As PlayStation announces its new strategy to encourage PC users to choose PS5 it is a bitter-sweet moment for PC gamers.

Christopher3d ago

I mean, it's a business based on hardware market. Do we expect them to not even try? It's not like Nintendo doesn't do the same by not putting any games on PC and Microsoft until recently did the same. I don't care what they attempt, as long as they don't abuse the community or lie about their goals/requirements.

Will it work? Not likely. Should we care? No. Let them waste their time, it doesn't affect anything.

RaidenBlack2d ago

let them try ... at the end of the day, we get few extra PC games ... yay ... and also promotes game preservation via PC ... so double yay.

LordoftheCritics2d ago

If only Playstation games provided the ease of pc gaming features.

Primary being very few PS games support m/kb.

Christopher1d 23h ago

If only PC games supported controllers more. Main reason I play primarily on console. So many games have shit support on PC. Playing Dark Envoy now, and it's quite frustrating since I have to switch to keyboard during cut scenes just to make sure advancing conversation doesn't also auto-select a decision. Let alone it's quite rough to select between characters and inventory screens are bad bad bad.

Anywho, similar complaints for both I find. But, I 100% agree that both PC and consoles should support both as best as possible.

crazyCoconuts1d 18h ago

PS may push more kb support in the future to get more PC converts, we'll see.

Flewid6381d 17h ago

As someone with a high end PC, I feel like the ease is on PS5. Too many PC games are a troubleshooting nightmare, which few people have the time for when all you want to do is pop in a game & play it.

Yui_Suzumiya1d 10h ago (Edited 1d 10h ago )

I just use an Xbox controller on my laptop for everything 😆 .. I haven't used a keyboard / mouse combo for PC gaming since 1996

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LordoftheCritics1d 22h ago (Edited 1d 22h ago )

I don't think you understand what I mean by the lack of m/kb support on PS.

Over a thousand titles have PS controller support on PC.

Not even 30 titles have m/kb support on PS5.

Once you are done with the single player title, you'll go back to playing your daily shooter/looter/mmo etc which the pc gamer has mastered with their mouse and keyboard.
Why would any pc gamer make the switch?

jznrpg1d 13h ago (Edited 1d 13h ago )

PC is secondary to PlayStation for them. Mouse and keyboard would affect development. Live service will have it but most single player games aren’t going to have it as PC is not the focus

Christopher3h ago

I didn't miss it. I explained why I, a former PC only gamer, now play primarily on consoles. I don't play MP games, and the games I tend to play are better supported with controllers on console. Let alone some games aren't even supported with controller at all on PC. On console you are guaranteed the best support since it's the primary input. The fact is, PC isn't the best choice for every gamer just like consoles aren't the best choice for every gamer.

If you wanted to only disparage consoles and ignore any benefit of console, cool. But that's not how it is. There is no perfect platform for everyone. It's why we have the hardware market that we have.

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Fishy Fingers2d ago (Edited 2d ago )

I wish them the best of luck.

But PC players are often a patient bunch, many will even wait for Epic launcher exclusivity to end until a game comes to Steam.

If they didnt buy the console when its games were exclusive, why would they do it now theyre not?

MrNinosan2d ago

Way more do than you probably think.

ravens522d ago

All you need is that one game that'll make a few switch at a time. Like a game a PC player REALLY wants.

porkChop1d 19h ago

It just doesn't work that way though. Plenty of the best games ever made were never available on PC. That didn't make PC gamers buy consoles to play them. This kind of strategy has never worked in the past and it won't work now. It's fine for PS to hold their games back and release on PC later, but to think that will boost console sales is wishful thinking. All this will accomplish is some double dipping, which is obviously good for business.

JackBNimble1d 19h ago (Edited 1d 19h ago )

People aren't going to switch from pc to ps5, why would anyone do that for a game?
Most sony exclusives aren't all that to begin with, and pc has the option to upgrade what they want when they want it. Having access to some ps5 games, gamepass and steam.

Thinking this would happen is naive

outsider16242d ago

I mean if there's 10 million pc gamers out there...getting atleast just 1 million from there is probably a good thing..right?

romulus232d ago

PC players are not a monolith, I don't know why people keep thinking they speak for the entirety of all PC gamers like they all know each other personally. You think out of the millions of PC gamers not one single person will be impatient?Well Sony is willing to bet there will be. Why would they do it now? People's feelings change and new PC gamers come along all the time that may also feel different about waiting, that's why.

Yui_Suzumiya1d 10h ago

Just like how I'm waiting for Alan Wake II to hit Steam 😆

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-Foxtrot2d ago

PC gamers are just too patient and loyal to their gaming set ups, something they've spent a lot of money on to perfect. They have backlogs of games which many never get round to finishing or get round to at all and will always have other multiplatform releases to keep them going.

Over the many years Sony has published so many awesome titles such as The Last of Us, Uncharted, Heavenly Sword, Infamous, Killzone, LittleBigPlanet, Dreams, Puppeteer, Resistance, Heavy Rain, Gran Turismo, Motor Storm, God of War, Horizon, Ratchet and Clank, Spiderman, Ghost of Tsushima, Bloodborne

If none of those games BEFORE all these PC ports convinced a hardcore PC gamer to get a PS5 console then why on Earth would porting them them to PC now make any difference? All PC gamers now know 100% is that they just have to be patient, which they are good at anyway to get a PS5 game 2 years later.

I get GaaS games or multiplayer focused titles but if people really want to play these games they'd have gotten a PS console years ago.

Crows902d ago

Not sure they're aiming to convince the hardcore PC gamer.

Not sure why people are obsessing over his comment...it seems pretty simple to me.

He will do all he can to entice gamers to move to his ecosystem. As you say....exclusives existing hasn't moved many gamers over. But if they get to try them and love the games then they might change their mind about waiting 2 years.

We're in an echo chamber on this site...I've Personally seen people with Xbox and PC setups but no PlayStation. I've also seen people with small PC setups but no console. Not every pc gamer invests thousands and many may decide to put one in the living room.

They're not looking to convince all of players to buy a PlayStation...just a few...and really it is just a PR statement after all...they have to give a reason why single player won't release day 1....not to mention they also have to ensure current PlayStation gamers don't jump ship to PC. It goes both ways and they're ignoring the big L by putting any of their games off their platform.

anast2d ago

"Not sure they're aiming to convince the hardcore PC gamer."

Right here

Kakashi Hatake2d ago

PC gamers think tomorrow is promised. Sorry, don't have time for that.

Michiel19892d ago

it's not just about loyalty or sunk cost, pc is an open platform while consoles are closed platforms. If you for example want to mod, you will play on pc, no question about it. Also if you like indie games, steam is a fucking goldmine for that. I've been playing a lot of indie games over the last years and there just seems to be an endless amount of them on steam. Also not having games locked to a certain fps is a prettty big deal for me and I assume a lot of other pc players.

Walalon2d ago

And don't forget steam sales, you can get a ton of games on an awesome price.

badz1491d 17h ago

@Walalon

Sony has been doing sales constantly on the PS Store nowadays.

jznrpg1d 13h ago (Edited 1d 13h ago )

@Walalon Steam sales are basically the same as PS sales. I was going to buy a Steam Deck and I heard about these Steam sales but the games I was interested in were not any cheaper. Indie games were cheap and older AAA were cheap but the same can be said for PS store sales. I didn’t end up getting the Steam Deck as there weren’t any games that I wanted to play that wasn’t already on PS and prices aren’t much different

romulus232d ago

And how do you know out of the millions of PC gamers that not one single person ever went ahead and bought a PlayStation console for one or more of those games? People keep speaking for the entirety of millions of PC gamers like they know them all personally. Here's one example for you, I'm currently typing on a recently purchased PC that cost me over twenty five hundred dollars and is more than capable of running any game including Sony exclusives that come to PC and yet I still bought a PS5 so apparently I'm not patient or loyal enough to my set up, hope it's not mad at me for not being loyal.

jznrpg1d 13h ago

Some of those people will consider getting a PS5 some wont. I was a PC gamer for a long time and I’m a console only gamer now. Everyone’s different.

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helicoptergirl2d ago

Who cares? Then just stay on PC and play the waiting game. No big deal. Sony wins in the end anyway.

Melankolis17h ago

Yup. If the strategy doesnt work, all they have to do is to change their mind, publish the games on PC, and they still win anyway.

Number1TailzFan2d ago

I mean if there's any single player Sony games that I actually want that aren't on PC then I would buy said console to play them on. But the ones that I like that aren't on PC are few and far between anyway so no loss for me.

If I game, it's usually multiplayer titles, otherwise I like playing around with some other software.

Amplitude1d 23h ago (Edited 1d 23h ago )

Astro Bot is the game that just did it for me. I'm gonna have to grab a PS5 again for that.

I did this for Ratchet Rift Apart too but ended up selling the PS5 after getting my plat. Rebought it on PC and other than GoW Ragnarok and Horizon FW (which eventually I could get anyway), I haven't had a reason to downgrade my graphics, controller features, ease of recording, and increase my game costs and monthly subscriptions throughout this entire generation.

I play on a TV with a controller but this has been the absolute worst console gen for both consoles. Never in my life thought I'd be a PC gamer but I've been spoiled by the cheap costs, cross-platform controllers and mostly the unbelievably useful Steam controller config.

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50°

ARK: Survival Ascended Premium Mods on Consoles Q&A - By 2030, Time Spent on UGC Will Be Way Bigger

ARK: Survival Ascended has introduced Premium Mods on consoles. Wccftech talked to Studio Wildcard and their partner Overwolf about the rising importance of user-generated content, especially for live service games.

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