In an interview with VG24/7, Wedbush Morgan analyst Michael Patcher said that the PS Vita is “too expensive for most consumers,” as it’s nearly the same price as the PS3, and that until the library of games available to the handheld gets a boost, sales will remain slow.
“Vita’s too expensive for most, priced pretty much the same as the PS3 everywhere. While I think the Vita is a good value and a great device, when compared to the PS3 it’s pretty expensive.
Also, there is not much of a library of Vita games, so sales will probably be slow until we see more content.”
He also took a jab at the 3DS, calling it “not all that compelling.”
In recent sales charts the Vita has performed less than amazing, selling less units in Japan than the older PSP. Sony’s expected to release a sales report regarding the Vita in its Q1 FY12 financial report.