Well not everyone was pleased with the 19% annual growth of the video game industry, namely investment banker and respected analyst Michael Pachter of Wedbush Morgan Securities. Just look at those worried eyes!Pachter states the year-end sales figures for the U.S. were "much lower" than his company expected. He blamed poor game sales -- particularly for Wii and PS2 -- and lower than expected PS2 hardware sales as the culprits. (Note: The PS2 was the second best selling system in December.) "While it is possible that the greater than expected decline of PS2 software sales was primarily due to greater excitement about next generation consoles, we are at a loss to fully explain the decline," he said.
Any armchair analysts out there interpret other disheartening data?
