Analyst Calls on Nintendo to Abandon its Hardware, Says There's No Place for it

Despite Nintendo recently announcing new 3DS and 3DS XL handheld consoles, it is at the receiving end of criticism, from being region locked to less console sales.

Recently, Michael Pachter, an industry analyst has called on Nintendo to abandon their hardware and only carry on developing gaming content.

Patcher was speaking at the Cloud Gaming USA in San Francisco on 5 September. He believes that Nintendo will be one of the victims of the streaming games from the cloud via service like PlayStation Now, Playcast and OnLive.

"They are more than a decade behind the curve, and they are so insular that there is no desire internally to learn from others," Pachter said, Venture Beat reported. "Nintendo hardware goes away. There is a place for their content. There is no place for Nintendo hardware. Nobody cares. They will have to abandon hardware," he added.

Pachter has been a critic of Nintendo for some time now, Attack of the Fanboy reported.

Even before the release of Wii U, he had said that, "When the hardcore fans are satisfied, I think sales are going to drop precipitously because I don't think the thing is priced competitively with what most people think is a comparable console... I think once it's done selling out it'll really surprise people and its price will have to come down."

Though he was right about the sales of Wii U, however, it has now been argued that with new games like Mario Kart 8, Hyrule Warriors and Super Smash Bros, the console is likely to perform well. We can only wait and watch on how Nintendo will perform with these new games.

Meanwhile, Nintendo announced unveiling new handheld consoles - new Nintendo 3DS and 3DS XL. These new consoles will have second joystick and extra buttons on the corner. It will also allow faster web browsing and file-sharing. It will be released on 11 October 2014 and Europe release will be sometime in 2015. There has been no timeline for North America release.

Recently, the company also said that it will release a new Wii U Star Fox and Zelda in 2015.