Analyst Likens PlayStation Now to PSP Go

PlayStation Now, Sony's cloud-based streaming service, is currently in beta and will launch sometime this summer. Only time will tell whether or not it will prove to be a success, but Wedbush Securities analyst Michael Pachter isn't afraid to dismiss PlayStation Now immediately, going so far as to say it will be another failure for Sony.

"I think PlayStation Now is going to be just like the PSP Go. Do you remember that? Yeah, exactly," Pachter said on the latest episode of Pach-Attack!

Just a few days ago, Pachter disparaged the streaming service, calling it a joke. Do you think PlayStation Now will turn out to be a major failure for Sony? Could it potentially be a huge success?