@kspraydad, It is low. IF there is no economic malaise, I wouldn't hesitate to pump money into this one. However, because of the economic malaise, I hesitate.
I know that lot of people say that "economic malaise enable bigger and better # for video games", however, I am not convinced of it. Feel free to go long on this stock. I will abstain.
Not sure what anecdotal evidence you may have for the other regions as Europe only got the price cut on September 19 and will not get this new bundle until the 17th of this month.
Japan might not be big numbers but the important point is that it is moving in the right direction and yes it did spike but it did not drop back to is 4k per week numbers so this is very promising and with more promise to come.
The proof will be in the pudding and if by the time we get the festive numbers in the 360 has not performed outstandingly well it will never reach the 60 mark because at this price it really has no excuse.
Counting on Japan...the console is already back to sub 8000/week sales ... anecodotal evidence is that other areas are falling back to 'normal' as well. The Xbox is going to live or die on US sales and I think you would need to hit 40million or more to get even 60million world wide.
Current US sales are projected to be 15 million at end of year 3...I just don't see it getting to 40 million in the US
The console has been on sale for almost 3 years now,it will possibly have an install base of 25 million or more by end of 2008. For it to sell 70+ million units, it will have to maintain current sales levels for many more years or increase sales greatly and have no replacement launched in next few years too.
I think current projected GLS is most optimistic sales possibility. The other hardware GLS are also optimistic I feel.
You factor in a price drop yes what you do not factor in are other circumstances which you may not of expected. The size of the price cuts the frequency the fact they are combined with a bundle at not cost coupled with a large ad campaign. Also the 360 has unexpected success in the Japan and some notable successes with bringing over game developers.
When I think about price cuts I am normally thinking longer term and maintaining market share. This level of effort now against the current background was not predicted and so should see the stock price rise not fall. Now some would say the console stocks are overpriced and I would not necessarily disagree certainly the Wii stock is vastly inflated and can move between 150 and 180. Not sure what that says about that stock. The PS3 and 360 stock overpriced? maybe but not by much if at all.
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It is low. IF there is no economic malaise, I wouldn't hesitate to pump money into this one. However, because of the economic malaise, I hesitate.
I know that lot of people say that "economic malaise enable bigger and better # for video games", however, I am not convinced of it. Feel free to go long on this stock. I will abstain.