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Analyst says PS Move is off to ‘a good start at retail’

Lazard Capital Markets has revealed that a recent survey conducted by the firm on consumers in North America has shown that demand for both PlayStation Move and Kinect remains high.

This came as somewhat of a shock to the firm, with analyst Colin Sebastian noting the company was surprised to see such healthy demand for the new hardware despite lack of software and a relatively high price point.

"We are somewhat surprised by the positive reaction given the relatively high price points ($149 for Kinect and $99+ for Move) and the lack of many compatible games for the devices,” said Sebastian.

Furthermore, the analyst painted a considerably brighter picture in regards to the success of Move’s release compared to views shared by Wedbush Morgan’s Michael Pachter, who described Sony’s motion-controller as enjoying only “a modest launch.”

"We believe that Sony’s Move is off to a good start at retail, with limited supplies, and our survey also bodes well for the launch of Kinect."

"While motion controllers are unlikely to materially impact console game sales in Q4, we do think they could act as a catalyst for stocks, as indicators of future demand for software,” concluded Sebastian.