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The PS4 Announcement Will Drop PS3 Prices by 64%

Sony is about to take console gaming into the future, and if industry experts are correct, that future will begin on February 20.

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terminalgamer.com
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deep_fried_bum_cake1258d ago

Don't see that happening. It's too big a drop. If there will be one then I'd say a 20-30% drop.

There's no point in any comparison with what happened with the Wii and the PS2 as those could easily afford to drop price. The PS3 doesn't have that luxury.

LOGICWINS1258d ago

"Don't see that happening. It's too big a drop. If there will be one then I'd say a 20-30% drop."

Unless the PS4 is backwards compatible, thus diminishing the PS3s worth to consumers.

deep_fried_bum_cake1258d ago

I hadn't factored that in, though even then 64% is still too high.

ftwrthtx1258d ago

Backwards compatibility at launch for PS3 titles should be a no-brainer. Emphasis on should be.

The technological jump from the PS2 to the PS3 was huge, and the jump between the PS3 and the PS4 would be hard pressed to match the previous jump. That being said, if retailers want to empty out their PS3 stocks, price reductions are key.

Ju1258d ago

a) They won't want to clear stocks and b) they won't lower the price too much to not compete in the own house.

I do not expect BC in PS4, and the PS3 will remain on the market for a while to come. Sony will want to make a profit on both.

SilentNegotiator1258d ago (Edited 1258d ago )

It still won't be ~$175 (rough estimate, too lazy to math today) after the announcement :P

guitarded771258d ago

The announcement alone will not drop prices that much. Maybe when the PS4 hits the market, but there are still a lot of late adopters who won't even know the PS4 is announced. Many people will see a $200 (or less) PS3 and think it's the right price, not even aware that the PS4 is just around the corner. Plus those people aren't the type to buy a PS4 at $400 (or whatever price) anyway.

Army_of_Darkness1258d ago (Edited 1258d ago )

whats the xbox360 gonna be priced at then? $79?! LOL! I don't think so...

I can see $159 at lowest for the PS3 if there is a price drop.

NaiNaiNai1258d ago

yea because we all know that the ps3 cost $840 dollars to make on release day and sold for 600$, while the current ps3 costs 240$ to make, adding that to the ps4 would mean manufacturing costs yet again going up into the 6-700s and if the console sells at all they will only break even.

I don't see the system having any backwards cap.

wsoutlaw871258d ago

that price drop seems way too big because theres no way sony would go back to losing money on every ps3. I do obviously expect a price cut to make people buy it now so that sales wont slow down post announcement. Plus selling a ps3 now to some undecided customers may help them sell more ps4s in the future.

blitz06231257d ago (Edited 1257d ago )

$200 is the realistic price

+ Show (6) more repliesLast reply 1257d ago
Rainstorm811258d ago

I agree the biggest a drop will be is to 199-249$

shutUpAndTakeMyMoney1258d ago (Edited 1258d ago )

I think they will take off $100 from the price.

clearelite1257d ago

I think $50 US is more probable.

Thatguy-3101258d ago

There are a lot of great games coming out for the PS3 if ps4 does have BC then I don't see a lot of ppl just opting out for a ps4 . Let's not forget ps3 will be a lot cheaper. Only the sony fan base will shell out the $ in the beginning like when every generation starts. PS3 has a bright future don't think ps4 will dim it as much.

dcbronco1258d ago (Edited 1258d ago )

IBM was rumored to still be working on die shrinks for the Cell. I believe they have a 32nm Cell. If AMD can get that to work with it's GPU they still might have BC. That would allow them to drop the price of the PS3 also. And Sony owns the RSX, there is no reason they couldn't have had AMD splice the CPU and GPU to allow an even further price drop like Microsoft did on their Slim. So 64% might be possible if the PS4 will launch this Summer.

I don't think the 360 with a harddrive cost more than $150 to make. And I think they hit that number last year. So it should have dropped in cost this year. The next generation will be sold at a profit at launch. APUs will cut the cost, along with such small die sizes. They will sell at $400, but should cost around $350 to make.

So Sony will be able to take a small loss on the PS3 again. A cost easily made up by continuing to expand the install base and increase the number of royalty payments. So a $130 PS3 will keep the sales going after the PS4 is announced for the middle of this year.

princejb1341258d ago

In a way I hope this is true so I can buy a new ps3
My slim has been sounding real loud lately and I'm scared of it failing on me

deep_fried_bum_cake1258d ago

I thought that said falling and I was immediately imagining an Indian in the Cupboard sort of situation.

I find that things like that aren't really a problem until the product finally fails. I can't tell you how many times I've thought my 360 was gonna crap out on me because it's started sounding strange, but it never has.

I also spent £80 on a 2Tb external hard drive a few weeks ago because I thought that my 1Tb was done for when it started making a clicking noise. 3 weeks of frequent use and it's still going.

If I were you I would just make sure my saves were backed up and wait to see if your PS3 fails before getting a new one.

+ Show (4) more repliesLast reply 1257d ago
ApolloTheBoss1258d ago (Edited 1258d ago )

Whether it's official or not, the value of the PS3 WILL go down once the PS4 is announced. This happened last generation: Once the PS3 came out, PS2 prices went down, and anybody who hadn't got one when IT was announced got one when it dropped passed $150. Those who are unfortunate enough to afford a console wait till the generation is over to buy one. I know several people who've done the exact thing.

Ju1258d ago

This I can see. Yes.

Rainstorm811258d ago

I agree if it drops this is the magic price point that would take PS3 sales to 100mil like its predecessors

miyamoto1258d ago (Edited 1258d ago )

if PS3 sells at least 10 million units a year it will reach around 115 M in 2016.

i hope PS4 is back wards compatible so i can have another PS3 and a new PS4 all in one.

PS3 price will drop when Wii U drops price first.

dcbronco1258d ago (Edited 1258d ago )

Miyamoto,

You can't just sit around and react to everything the other companies do. You have to be aggressive and make your own choices. The Wii U is geared to a whole other group of people. Even if it has a little more power. I also don't see the PS3 selling in 2016 if there is BC in the PS4. Because there will be a full blown battle this time between Sony and Microsoft, prices will drop quickly.

This will be a good time to be a gamer.

IcicleTrepan1258d ago

I doubt it. There's a god of war bundle coming out in march for 349.99 CAD.

Korezo1258d ago

Damn Ill probably buy a ps3 again for $180 just to play Ni no kuni, and rising. Then resell right away.

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