Game Maker Cuts Forecast as Industry Seems in Slide - New York Times

Game Maker Cuts Forecast as Industry Seems in Slide - New York Times: "As a result, analysts and executives said, consumers may be waiting to buy an Xbox 360 and, in turn, not spending money on games made for the previous generation of video game consoles, like the original Xbox and the Sony PlayStation 2.
'There are five million people who have made up their minds they are getting a 360 for Christmas and 500,000 who are getting them,' said Michael Pachter, a video game analyst with Wedbush Morgan Securities. Instead of buying games for old systems, he said, 'They're saying, 'Let's wait for a 360.' '"