Analyst claims this console generation will be the last

Wedbush Morgan analyst Michael Pachter has declared that the current generation of consoles will likely be the last of it’s kind, citing publisher's will not be able to afford to support a potential success to PlayStation 3 and Xbox 360.

"I think we've seen the last generation of consoles," Pachter claims. "[Third party publishers] are not going to support a PS4 or Xbox 720," he states. "The content is not going to change in any meaningful ways because the publishers can't afford it."

On the flip side, he added Nintendo Wii fans can expect an upgrade of some sort in order to implement high definition gameplay and a storage device. Yet, despite his comments regarding future iterations of gaming platforms, Pachter acknowledges that Sony will probably create another console some time in the future, albeit not for at least another five years.

"Sony is not going to put out a console until they make a profit on this generation, and my math puts that at around 2015."

We're going to leave this one up to our readers to decide on the believability and realistic nature of his claims within an industry that has shown nothing but growth.