LittleBigPlanet to boost PS3 sales, says Pachter

Wedbush Morgan analyst Michael Pachter has stated he believes the forthcoming LittleBigPlanet could play a key factor in stimulating sales of Sony’s PlayStation 3 console when the game is released early next year.

Pachter believes that the game should prove a successful foray in attracting a wider, family-orientated audience – something that Sony has yet to achieve with its latest home console.

"After seeing LittleBigPlanet at TGS, I believe it could be a console mover," said Pachter, during an interview with

"The game is really innovative, and I think it adds a family element that is so far missing from both the Xbox 360 and the PS3. If they can accompany that game’s launch with a price cut (or a lower priced SKU), I think we’ll see a spike in sales.”

Elsewhere, Pachter speculated that Sony will likely miss its intended shipment forecast of 11 million units by March 2008, unless the company chooses to lower the price of PS3 in its current financial year: "If Sony doesn’t cut price at all during its fiscal year, they will probably miss their 11 million shipment target," he said. "However, a price cut early in 2008 should spark sales, and their line-up of LittleBigPlanet, Gran Turismo 5, Metal Gear Solid 4 and Grand Theft Auto 4 should help move consoles”, he said.

“If they don’t cut price, they’ll probably sell through around 7 million for the fiscal year, and will probably ship no more than 8 – 9 million," observed Pachter.

LittleBigPlanet is currently slated for release in North America in early 2008.