Xbox One will see price-cut in year or two, Sony to gain early sales lead says Pachter

Xbox One will see a price-cut within the next two years, Wedbush Morgan analyst Michael Pachter has predicted. He has given his thoughts on how both Microsoft's console and PS4 might perform throughout the new cycle, with an early lead going to Sony's machine.

It comes as an analyst firm deemed Xbox One to be the best-selling console over the North American Black Friday sale weekend.

In a GameTrailers interview, presenter Geoff Keighly asked Pachter to share his thoughts on the next seven years.

He replied, "Next few months I think they both sell out. If either of them gathers dust on the shelf it'll be the Xbox One because of the price-point. Next year I'd say Sony out-sells Microsoft by 25%, so probably 12 million to 9 million or something. Something like that. And I think Sony keeps the lead until Microsoft cuts the price or explains to us why that Kinect is actually worth an extra hundred bucks."

"I think Microsoft - in a year or two - Microsoft will cut price," he added. "They'll be priced the same, they'll sell neck-in-neck. Sony gets an early lead, Microsoft claws its way back. I think the value in the consoles is going to be in the software, and is going to be in the services like Xbox Live, like PlayStation Network, and I think those are in early days of the service offering. So I think they're going to get better and better and better, and people will really like them.

"But I'd say pretty close, I think they'll be about where they came out this cycle, probably pretty even, and both bigger than last cycle, because Wii U is going to sell 20% as many units as the Wii, so there's a lot of market share to catch."

What do you make of the above?