Michael Pachter Quotes
More consumers than any of us expected are slowing their purchase of software, waiting for the next-gen consoles. 
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Consumers | Expected | Slowing | Purchase | Software |
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NPD US retail video game software sales data for the January quarter implies that Take-Two's sales are down 40 percent compared with the prior year quarter.
- Michael Pachter
Although Midway continues [to] generate large losses, we continue to believe that Midway is a potential turnaround story. The company's cost structure suggests that it can achieve profitability at revenue levels of $300 million annually, and we remain confident that Midway will be able to generate revenues at the $300 - 800 million level over the next several years. However, to achieve this level of revenues, the company must continue to expend resources on growing its development capability.
- Michael Pachter