You're watching...
Wedbush Securities Managing Director Michael Pachter on what to expect from Sony’s next video game console.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Hassan is kicking off a big event in about an hour and a half the -- expected to announce its new PlayStation four gaming console Sony hasn't released a new gaming system.
In six years and -- console sales continuing to fall -- looking for this device to -- -- game changer joining me now.
Michael -- his -- bush securities managing director of equity.
Research Michael good to -- for those who don't know by the way for those of -- old -- play with these these game consoles.
This is more than just a game console this is sort of a multi media box it does it does video streaming.
You can do Netflix DVD -- video chats a whole lot us.
-- right.
You have all that in the current.
PlayStation 3 and you're gonna get a lot more of that in there in the PS for like what you -- won't feel about what will look forehead luckily I called.
A lot more multimedia functionalities I think you'll probably get the opportunity to actually have video chat while you're playing a game.
-- that's kind increasing your playing against a friend that your friend's face up in the corner of the screen is pretty -- can actually watch them and watch that are.
Joy is they shoot your character you're you know further their grimace as you get them.
Think that's pretty cool Sony has a big music business they have a big movie business -- expect them to beef up the video on demand.
Music on demand music download businesses as you said they're partnered with Netflix already I think you'll see -- partner with Amazon prime.
Who lose I think -- -- a lot more functionality of the box to do a lot more entertainment options and just plain.
Well and this is very actually Casone of course does have a production company and con -- is really.
The bugaboo for a lot of companies who were streaming videos trying to figure out how to deal how to pay off for the content that they put on Sony has a head start because it has that.
Production company but.
Might they work out deals with other production companies for content.
You know I think you're gonna probably see Microsoft take the lead on that Microsoft's farther along.
Then Sony and I think Microsoft actually has invested in technology.
To turn their console or to a cable box so I would bet anything that the next Xbox is gonna be it cable TV box.
Partnered with some -- cable provider.
I don't think -- is quite the area I think that's a little bit.
Too expensive for them too expensive about that for them to take and mostly because Microsoft already has a healthy.
Subscription service for Xbox Live so they can subsidize.
Offering other services by raising the rates -- Sony is not really great.
At charging for online I think they're behind but -- revenue.
How about at a deal with a Amazon.
Amazon has this Amazon prime thing which you could.
It could potentially deal with Sony on -- and come out with a powerhouse now.
I think that's right and I think the biggest problem with the service like crime is we know how to get it on -- Kindle and we know how to get it -- -- PC.
We have no idea how to get it connected -- -- television and I think Amazon needs turn that -- on I think a partnership with Sony for the PS forward would accelerate.
The you know their expansion of -- into more households aren't finally apple TV you know we've been waiting for apple TV for a long time it's supposed to.
Have within -- All these things that now some of the playstations have within it does this.
Does that does PlayStation four kinda take some of the wind out of the sales of apple TV.
Yeah I think I mean apple TV is essentially a Smart television.
And I don't really think we need -- brains in our television monitor.
If you think about it your PC it is that the monitor that Smart it's the CPU that's below that monitor.
There's no reason for us to put the -- view into the monitor I think Apple's can actually make a mistake.
When they want -- product the apple faithful by it I think if you have a box that's -- for another reason playing games is a pretty good other reason.
Then you've got brain that's already connect to TV then you can go out on the Internet and deliver other types of services.
I actually think that that the PS four and I think you next Xbox.
Are gonna just kick apples but finally somebody's gonna be doubtful that their own game Michael packer -- bush securities Michael good to see -- thanks very much thank you -- appreciate -- --
