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PS3 price cuts not expected until 2009

A Dow Jones report has analyzed Sony's current status and confirms that price cuts may not come for another two years.

"Although analysts say price reductions would benefit PS3 sales, Sony isn't likely to make any price cuts for at least another two years, said Kimberly Otzman, a spokeswoman for Sony Computer Entertainment America. She noted a similar time frame for lowered prices for the PS2. 'We probably expect the same for PS3,' Otzman said, adding that while the console's price is higher than competitors', it comes completely packaged so consumers don't have to buy extra equipment or attachments."

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CyberSentinel3798d ago (Edited 3798d ago )

"...it comes completely packaged so consumers don't have to buy extra equipment or attachments."

Blind Lemmings, Sony Loves You.

Covenant3798d ago

Flame on! Let the fanboyism commence.

But this is discouraging news for those waiting for a lower price point. Seriously, this could hurt Sony, especially if MS commences with not just one, but potentially two price cuts by the time Sony manages a reduction. This holiday season, with systems readily available, may force Sony's hand early if they don't see significant sales by the end of the year. My .02 worth.

PS360PCROCKS3798d ago

whoa 2009? That's pretty late I think...and comes with all attachments? lol what a blind idiot, sorry sweetie you forgot the $50 HDMI cable. Lucky for me I conned Comcast into giving me one for my HDTV with my box for free so I never bought one, I just swap them out.

Dlacy13g3798d ago

I mean the PS3 just launched ....how can they possibly be thinking price cut anytime soon? 2yrs is pretty standard to really the of 2008 / begining of 2009 would be the earliest anyone should expect it. I think we all forget it just launched given the 360 has been out for over a year and a half now and is looking like they may price cut later this year.

TheMART3797d ago

No it's not right.

The competition always should stay within the price range of the direct competitor. If you deliver about the same or less then the cheaper alternative and still have to pay at least 33% more for it, you're doomed.

It doesn't matter if a 2 year cycle is logical. All that matters is that in this year, 2007, the 360 will lower it's price. If Sony follows in 2009 that'll be about 2 years later... The 360 will hit the magic 200 dollar/euro price first, thus attracting the mass of people that buy not above that price. Like the PS2 had the last gen and still is selling strong. Combination of low price and most games available. It's the upwards spiral on the 360 (already more customers to sell to, so getting more games) and the downward spiral on the PS3 (less customers now to sell to, less games, overexpensive, more people staying away and buying the better and cheaper alternative with 360) and so on...

It's just very, very clear

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