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Submitted by ftwrthtx 1085d ago | opinion piece

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. (PS3, PS4, Sony)

deep_fried_bum_cake  +   1085d 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.
LOGICWINS  +   1085d 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_cake  +   1085d ago
I hadn't factored that in, though even then 64% is still too high.
ftwrthtx  +   1085d 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.
Ju  +   1085d 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.
SilentNegotiator  +   1085d ago
It still won't be ~$175 (rough estimate, too lazy to math today) after the announcement :P
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guitarded77  +   1085d 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_Darkness  +   1085d ago
The ps3 priced at about $110?! LMAO!
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.
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NaiNaiNai  +   1085d 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.
wsoutlaw87  +   1085d 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.
blitz0623  +   1085d ago
$200 is the realistic price
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Rainstorm81  +   1085d ago
I agree the biggest a drop will be is to 199-249$
shutUpAndTakeMyMoney  +   1085d ago
I think they will take off $100 from the price.
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clearelite  +   1085d ago
I think $50 US is more probable.
Donnieboi  +   1085d ago
Your username :O
dboyc310  +   1085d 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.
dcbronco  +   1085d 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.
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princejb134  +   1085d 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_cake  +   1085d 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.
ApolloTheBoss  +   1085d 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.
#2 (Edited 1085d ago ) | Agree(6) | Disagree(1) | Report | Reply
miyamoto  +   1085d ago
$199.99 for 2013
Ju  +   1085d ago
This I can see. Yes.
Rainstorm81  +   1085d ago
I agree if it drops this is the magic price point that would take PS3 sales to 100mil like its predecessors
miyamoto  +   1085d 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.
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dcbronco  +   1085d ago

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.
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IcicleTrepan  +   1085d ago
I doubt it. There's a god of war bundle coming out in march for 349.99 CAD.
Korezo  +   1085d ago
Damn Ill probably buy a ps3 again for $180 just to play Ni no kuni, and rising. Then resell right away.
-Falaut-  +   1085d ago
Nice story bro
Cocozero  +   1085d ago
Well the generation is pretty much over, the PS3 won't be passing the 360 WW so a drop in price won't change much.

Probably best to keep it as it is too make as much profit as possible.
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Rainstorm81  +   1085d ago
People that say stuff like this ^^^ really put their ignorance on display......unless Sony halts production on the PS3 I don't see why it couldn't catch the 360s WW numbers.

Console sales don't stop once a new console is released.....the ps2 wasn't at 150mil+ when the PS3 launched.
DarkZane  +   1085d ago
The Ps3 already passed the 360 Worldwide.
stage88  +   1083d ago
Where have you been? PS3 has passed 360 in WW sales. The 360 is in dead last place.
Nelson M  +   1085d ago
Normally i'd buy a few more
But seeing as the PS4 will be coming soon
I'll just buy one and save my money for a few PS4's
Fyflin  +   1085d ago
I imagine a small price drop to begin with (once PS4 is announced) and then a more substantial price drop around the time the PS4 is launched. No doubt it will fly off the shelves as a budget blu-ray player that also plays games.
doctorstrange  +   1085d ago
Ludicrously precise
NastyLeftHook0  +   1085d ago
expect a burst of sales like you have never seen before (ps2 numbers )
etownone  +   1085d ago
Seriously, you really think people are going to want a ps3 once the ps4 is announced?

Anyone that wanted it, most likely already has it.

Unless the drop it around the time of GoW, that's the only spike in sales I see for the PS3 this year.
smashcrashbash  +   1085d ago
Why not? The PS2 still had sales long after the PS3 was announced.Why wouldn't you want a console that has already established itself with a larger amount of gaming titles?
NastyLeftHook0  +   1085d ago
aquamala  +   1085d ago

PS2 outsells PS3 by 4 million in 2008

and when PS2 dropped to $99 on April 2009, it outsold PS3 that month

maniacmayhem  +   1085d ago
That is because the PS2 had an insane dominance over it's generation of video games. A reason why Sony can tout their "10 year plan" for that system.
It had games you just could not play anywhere else at that time. Not to mention its insane huge library. But with this gen I doubt the ps3 will have that same run. Most of the games now can be found on the 360.
josephayal  +   1085d ago
i don't see that happening
Dlacy13g  +   1085d ago
LOL... the author is smoking crack if he thinks Sony is suddenly gonna drop the PS3 price by 64%. Why not just say Sony is going to give the PS3 away for free to everyone while you are at it.

There is no need for Sony to drop price on the PS3 just because they announce the PS4. The people who are gonna buy a PS4 bought their PS3's long ago and aren't looking to buy one now. PS3 price will come down as Sony is able to reduce costs further not before then. Sony is not in a financially stable enough situation to just drop price because they feel like it.
bangshi  +   1085d ago
Yeah the article is very misleading.

What they mean is from the ORIGINAL launch price, not a price drop from the current price, so in this case it'd be around 60% off $499 and $599. So around the $180 mark.
jay2  +   1085d ago
20% max
j-blaze  +   1085d ago
i don't care, i want a price drop for vita
Indo  +   1085d ago
Why a price drop? the PS3 is already dirt cheap as it is. $300 for a Super Slim and Uncharted 3 is a deal already. Tax included
SOULJER  +   1085d ago
It would be cool for the cheap mothers I know. They finally stop crying about the price, and get a system.
Pillsbury1  +   1085d ago
Once it goes sub 200$ it will fly off the shelves and with games like the last of us and beyond there is still ALOT of life left in ps3. Play beyond.
Clarence  +   1085d ago
Yes sir. This will be a great year for playstation fans. A price cut will propel the
Haven't seen this much Sony coverage on N4G since the hacking problem.

The world is all ah buzz!
N4G is going to be on fire next week.
TronEOL  +   1085d ago
I could see them riding the currently PS3 price, or lowering it to $249 for the current most expensive bundle (that get games packed in with them).

When the PS4 launches I can see them lowering it to $199 for the highest end PS3 bundle, most likely including PSMove and a few Move games. And probably $99 for the 12GB superslim (maybe packed with PSMove).

At least this way they can keep selling the PS3 in these fun little bundles, and maybe use the PS3's PSN as a way to advertise PS4/PS4 games (using Gaikai maybe? Stream PS4 game demos to PS3?).

Sony is in a very nice position at the moment. Gaikai allows them to do a lot, it all depends on how they use it.
isyourhouseonfire  +   1085d ago
A 64% decrease puts the PS3 on par with other blu-ray players, but is it too little too late?
WeAreLegion  +   1085d ago
Did you guys read the article? They're talking about a 64% price drop from the original price of the PS3, which is $499/$599. In this case, $499. That would mean the system would sell for roughly $179. I think they'll lower it to $200, personally.
ftwrthtx  +   1085d ago
Most just read the headline and then apply that 64% to the current price.

Kudos for actually reading the article.
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NameRemoved0017  +   1085d ago
The PS4 better support PS3 backwards compatibility, its going to attract a lot of hate to Sony if it doesn't.
fourOeightshark  +   1085d ago
Nobody is forcing people to sell their PS3s.
Plagasx  +   1085d ago
Not if the Last of Us and Ascension has anything to say about it. I'm buying a PS3 solely for the those games.
fsfsxii  +   1084d ago
I'd expect a price drop just not 64%
Probably in the future
Ryu7505  +   1084d ago
I hope they do drop the price of the PS3 by 64%, because I need to get an used 20GB, or an 80GB for an cheaper price. I'll watch this Wednesday with my brother. If is correct, I'll get it by this April.

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