Pachter raises year-end software sales expectation

Michael Pachter, analyst extraordinaire at Wedbush Morgan, recently shaved his Predict-o-Matic Monkey® as punishment for inaccurately guessing the industry's software sales growth this year. Turns out that instead of a mere 19% jump in US sales for 2008, the monkey's dart should have hit the index card marked with "32%" against the wall.

Pachter also tweaked his numbers for Europe, increasing the expectation from 20% to 40% growth. Wedbush Morgan now has a combined expectation of software sales growth in Europe and the US of 36% over 2007's record-breaking figures. Pachter is currently reviewing Predict-o-Matic's return policy.

This article was originally published on Joystiq.