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Analyst feels the end is in sight for PS2

Posted on October 22nd, 2007 at 10:36 EDT

Deutsche Bank analyst Jeetil Patel has observed that Sony’s PlayStation 2 console could be nearing the end of its life cycle, following publication of the NPD Group’s latest hardware figures for North America.

Patel notes that sales have fallen substantially on a year-on-year basis, stating, “PlayStation 2 software sales fell 47 per cent year-on-year to $85 million, representing a deceleration from the 33 per cent year-on-year decline last month.”

“While this substantial decline was inevitable, it is currently unclear whether the drop reflects consumer transition to next-gen software or weak spending patterns amongst the low-end consumer”, he added.

“Needless to say, with tougher comps ahead for PS2 software sales, we think that the PS2 may finally be on its way out of the industry for good.”

Patel’s comments follow news that Sony bosses had pledged to support the system for a number of years to come, expecting it to run well into ten years of its life cycle.

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posted 10:48am EDT - October 22nd, 2007
1
And how many years did they go by. One year isn't enough especially when the holiday season is just around the corner. I call BS on these analysts. Anyways, after mid next year, the PS2 still has two years left in its life cycle.
posted 10:49am EDT - October 22nd, 2007
2

I seriously doubt that since it was said like what last year it was going bye bye? If anything 2009 will most likely be when a majority of the PS2 fanbase moves to the PS3. Inevitable price cuts and special bundles will make it so that this transition is possible.

posted 11:07am EDT - October 22nd, 2007
3

psn id: gingo.... i'm surprised that the ps2 has lasted this long all we should hope for now is that ps2 owners move to the ps3 instead of the other consoles

posted 11:15am EDT - October 22nd, 2007
4

wasnt sony gona drop the price of the ps2 to 100?

posted 11:26am EDT - October 22nd, 2007
5

I don't think it's dead, developers just need to make a few more big sellers!

posted 12:11pm EDT - October 22nd, 2007
6

Really? The PS2 might eventually make its way out the market? These guys ar geniouses. Who cares about dropping sales on the PS2. As long as there is profit to made for everyone involved then Sony wont care and continue to support it and the game devs will as well. I am going to purchase King of fighters Xi when it comes out as well and that is a PS2 game.

posted 1:13pm EDT - October 22nd, 2007
7

Ya well with cheap a** people in the world a game system that still has developers releasing games for that only costs $120 and has the largest console game catalog of all time, ya that's going to just roll over and die!!! I bet this guy was telling his customers to buy stocks back in 2000!!!! :)

posted 1:52pm EDT - October 22nd, 2007
8

I just wonder what this analyst was thinking when writing this. Hasn't it sold about 112 million copies? (Give or take a couple). There are only so many people in the world to buy them. I don't understand who pays people to make stupid comments like this.

posted 2:49pm EDT - October 22nd, 2007
9

215k in the month of September in NA says the PS2 is not dead yet. This is the numbers where the 360 has been at before the Halo 3 spike, 360 sales will go back down to 200k even below this, so iwould that mean the 360 is coming to an end?

posted 8:06pm EDT - October 22nd, 2007
10

yea...sure that makes sense...PS2 is dying even though it's got the largest game library of any console with teh most systems sold than any console...wat an idiot.

posted 8:08pm EDT - October 22nd, 2007
11

IMO this is wishfull thinking and we are headed into the strongest sales season of the year, besides $85Millon is nothing to shrug off, lol.

posted 8:15pm EDT - October 22nd, 2007
12

There are over a hundred MILLION of the damn things. so what if the PS2 sales fall of a little?

posted 7:51am EDT - October 23rd, 2007
13

According to Sony - gamers don't want old PS2 titles. Forget paying for games that are not supported by the new console. Just download - LOL

posted 2:07am EDT - October 24th, 2007
14

I think it's apparent he looks at the sales and doesn't give a damn about the games.  I doubt he's gamed a day in his life.  It's not how many units are sold, but the library of games.  The trend can't go on forever, there isn't an inifinte demand.  Same thing with the Wii.

Largest library ever and he thinks it's going to roll over and die?  7 months ago was the release of GoW II.  But with games like those still around and in full swing, who couldn't see the PS2 dying soon?

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