Interview: Pachter Says Console Sales Still OK, But Expect Holiday Price Drops

Wedbush Morgan analyst Michael Pachter said that Nintendo's lead over its competitors in hardware sales is no cause for alarm for Sony and Microsoft, even though console sales in the recent month saw declines Xbox 360 and the Wii declining over the month prior. Even though console sales are still within expectations, the analyst said the Xbox 360 and PS3 will see at least a $50 price reduction by the Holiday.

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Silogon3837d ago

Sony needs one in august, if you ask me. It'd cripple the competition into submission. Think about it. Mgs4 boosted the sales a great deal and will continue to do so for the next 2 months. August is when they'll drop big time. Sony should take this opt and make a dramatic cut by 100 bucks and call it a day. Leave the ps3 at 300 until holiday 09.

PoSTedUP3837d ago

i think a price drop when they have alot of their stuff out. like when it has the video store, home, in-game XMB etc. (the price goes down wile the value goes) you see what im saying. they'll do it right.

juuken3837d ago

Next thing he'll predict is that there's doom and gloom ahead for the PS3.
...Why do these stories get through?

TOSgamer3837d ago

Compared to 9.25 million last fiscal year. We all know how slow last fiscal year started for them. So either Sony is being ridiculously conservative or they will not drop the price this year. You may see a Holiday bundle packing in a game or two and a blu-ray movie but I think thats about it. They also stated in the same report that they expect to turn a profit on the PS3 business later this year. I don't believe a price cut is inducive to that goal.

yanikins1113837d ago

= guaranteed no price cut ;)

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