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Advanced Micro Devices, Inc. Message Board

  • toobig2failagain toobig2failagain Sep 4, 2013 11:19 PM Flag

    AMD and New Gaming Consoles

    AMD chips are in all of the new game consoles, not Intel chips. Sony Already Has Orders for One Million PlayStation 4 Consoles, which is already above Playstation 3 pre-sale levels.

    One million AMD chips sold just in this quarter already, and many more units to be sold this quarter and within the quarter of the launch (4th quarter). Everything points to the fact that despite of pressure from PC, smartphone and tablets, the launch of next-gen consoles will be triumphal.

    Sony Computer Entertainment announced during its press conference at Gamescom trade-show in Cologne, Germany, that it had received as many as one million pre-orders on PlayStation 4 game console. Avind Bhatia, an analyst with Stern Agee, told Forbes web-site that Sony sold less than one million total PS3 units in Q4 2006, which was a fairly lackluster launch hampered by a crippling price point and the fact that the PS3 was launched one year later than its direct rival, Microsoft Xbox 360.

    While pre-orders naturally reflect huge interest towards the PS4 system, there will certainly be loads of people looking forward to buy their units in retail. Earlier this year financial analysts estimated that 2.5 million PlayStation 4 units and 2.3 million Xbox One units are to be shipped in Q4 2013. In case the numbers turn to be true, then the launch of next-gen consoles will be triumphal as never before in history of gaming sales have been so high.

    In summary, AMD is really undervalued today. With another 4.8 million gaming console units to be sold easily in the 4th quarter, AMD stands to be make an awesome turnaround. PC desktops need to be replaced as well, with the bad recession lasting for over 4 years in the US alone. Should see a major pickup in desktop PC sales as well, most of these purchases being systems with AMD chips since AMD targets the budget consumer market.

    I predict $10 by Black Friday.

    Sentiment: Strong Buy

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