Pachter: 2012 Launch Rumors for Xbox 720 are ‘Silly’

By | 5 years ago 

Whether it’s eagerness or impatience that’s driving rumors of the next Xbox console is unclear, but the rumors are-a-circulating and about every major website has caught wind of the possibility of the so-called Xbox 720 being released as early as late 2012. Now a well-known analyst speaks out to challenge these rumors.

Game developers have been adding fuel to the fire by hinting at projects already in the works for, possibly, the next Xbox. An unidentified source claims that Ubisoft Montreal is working on what some believe to be that very console. Nintendo’s Wii U is scheduled to release in the latter part of 2012, turning Microsoft’s alleged release of the Xbox 720 into what could be some stiff competition and a viable strategy.

Wedbush Securities Research Analyst Michael Pachter is now debunking those rumors. In an interview with Industrygamers, he believes the rumors to be absolute rubbish.

“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 went on state that he believes a new model of the Xbox 360 may indeed be released for the 2012 holiday season.

Currently the Xbox 360 is 6 years old, a bit past the 4 years it took Microsoft to transition from the original Xbox, which would indicate it’s time for an upgrade. Mr. Pachter has a point, however, in that Xbox 360 may not be out of steam just yet and technologically, it’s not exactly a dinosaur.

Whether next year will bring about the Xbox 720 or not is still up in the air until Microsoft makes an official announcement on the matter, but rest assured the rumors will continue to pile on until then. If it does release after 2012, let’s hope that whole Mayan calendar thing doesn’t pan out.

So, readers, if we were to be presented with the next Xbox, what do you think we might expect?

Follow me on Twitter @8BitBomb

Source: Industrygamers