Michael Pachter is notorious when it comes to his analysis of the video game industry, mostly because he's actually got a good point or two in there. In his most recent industry statement, he feels that the Xbox 720 will not be coming out in 2013 as most people think. Instead, 2014 is looking more likely.
“We have heard no word yet from Microsoft or Sony about their plans to launch new consoles, but both manufacturers are widely expected to launch consoles by year-end 2013," Pachter stated. "Although we believe that Microsoft could delay a new console launch until spring of 2014 in order to accommodate what is certain to be overwhelming demand among hardcore gamers.”
He also talked a bit about the Wii U, which has yet to get a release date or a price. However, he feels we won't have to wait too long for it, since the company is holding an event in New York on September 13th.
“We still have no indication of specs, timing or pricing for the Wii U, which is slated to launch some time before year-end, but Nintendo will announce a launch date and price next week, with a price point of $299 – 349 likely,” he said.
At this point it's just looking like "wait and see". We'll bring you details once they're official!