Analyst Michael Pachter terms PS3 Problems: "A Glitch and Nothing More"

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Following last night's PlayStation 3 problems and Sony's response today, Shacknews.com reached out to Wedbush Securities analyst Michael Pachter, who shared the following:

I think it's a glitch and nothing more. It's clearly a software fix, so no need to replace hardware units. If Microsoft can recover from RROD, Sony should be able to recover quickly from this. Keep in mind it's only the original models, so probably 20 - 25% of the installed base, and that likely fewer than half of users have tried to play in the last 24 hours (I know that I haven't tried). So only around 10% affected, and they will likely have a software patch in place by Friday. If they offer a free Pixeljunk download as compensation, they won't have any complaints.

Keeping a cool head, Pachter explores the reality behind the situation. As he states, it is likely that a number of PS3 owners haven't even attempted to play on their PlayStation 3 since the glitch hit. If the hardware isn't damaged, this should be an easy fix for Sony, especially if the company hands out a free game to those bitten by the bug.

Update: With regard to the math, I've reached out to Pachter for a clarification. Regardless of numbers, Michael's point about Microsoft's recovery from the Red Ring of Death holds that this shouldn't damage Sony in any major way if it is quickly resolved.

From The Chatty
  • reply
    March 1, 2010 11:32 AM

    Who the fuck cares what this guy has to say ?

    Ask Sony about this not an analyst who spews crap out of his ass

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      March 1, 2010 11:37 AM

      To be fair, most of us spew crap out of our asses.

      • reply
        March 1, 2010 11:49 AM

        I spew Gummy Bears. I have been made to understand however that this is highly unusual.

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      March 1, 2010 11:39 AM

      I'm wondering the same thing. He has zero knowledge of the situation what a worthless "story".

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      March 1, 2010 11:56 AM

      Sony would just say, "yeah what he said, minus that free game thing"

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      March 1, 2010 12:47 PM

      Yeah let's ask Sony that sounds like a great idea

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      March 1, 2010 1:30 PM

      Because for some bizarre reason people look to this guy as an expert on the games industry.

      • reply
        March 1, 2010 2:54 PM

        noone on this site I can assure you so drop the coverage I say.

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