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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerOur pals over at Joystiq, are not only blogging live from E3, the gaming industry's massive convention going on now in Los Angeles, but are also keeping an eye on Wall Street, where they picked up on a Wedbush Morgan analyst note. Analyst Michael Pachter worries about whether developers will create fewer games for Microsoft's Xbox 360 since the controller lacks the motion sensors that Sony and Nintendo's new devices both have.
Pachter writes, "Ultimately, we think that many developers will opt to make games for the PS3 and the Wii, and will not make the same game for the Xbox 360, giving Sony and Nintendo a content advantage over Microsoft."
But Xbox fans and Microsoft shareholders got some good news on the gaming front yesterday. Sony just priced its upcoming console at $499, while Xbox sells for $399 (or $299 for a basic version). That should even even the playing field somewhat, even if Xbox doesn't shake, rattle and hum like PS3.
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