Brean Murray Carret & Co analyst Todd Mitchell’s predictions are met with more opposition; industry favorite Michael Pachter from Wedbush has weighed in on the Star Wars: The Old Republic expectations game, calling Mitchell’s thoughts on the matter unrealistic and nearly absurd.
“Some of our competitors have suggested that the ‘consensus’ first quarter sales estimate was 3 million units, or over a million above our own estimate, which we believe is not only unrealistic, but borders on the absurd,” Pachter wrote in a note to investors earlier today (via).
“Activision Blizzard’s World of Warcraft, the most successful MMO of all time, sold 1.5 million units in its first month, and an additional 2.5 million units in its first year, representing sales of around 50,000 units per week after the first few weeks.”
Pachter joins Macquarie Securities which has referred to the issue as “overdone.”
According to BioWare co-founder Ray Muzyka, The Old Republic‘s launch outdid that of World of Warcraft; it is “the fastest growing subscription MMO in the history of our industry” he said in December as the MMO crossed the one million player mark.
Pachter believes about 1.7 million copies of The Old Republic have been sold so far, and makes a prediction of his own: “We continue to expect Star Wars to have a meaningful impact on revenue and earnings growth in upcoming quarters. As mentioned previously, we expect sell-in of 2 million units in Q3:12 (with an additional 1 million units next year).”