Gamedaily.Biz writes: "Janco's Mike Hickey says a $299 PS3 could be announced days from now. If Sony doesn't drop the price, he thinks publishers will reallocate resources more towards other platforms.
In his latest industry note, Janco Partners analyst Mike Hickey states that "recent channel checks indicate increased speculation for a PS3 price cut announcement from Sony in the next couple of days." Sony's been avoiding a price drop on its PS3 hardware, instead focusing on trying to turn the PS3 business into a profitable one. However, with hardware sales for the console floundering, most industry pundits believe Sony has little choice if it wishes to stay competitive with Microsoft and Nintendo."
Update: GameDaily BIZ just got off the phone with a Sony Computer Entertainment spokesperson who told us that there is "definitely no price drop on PS3" being planned at the moment. He reiterated that Sony is on track to meet its goal of 10 million PS3s sold for the current fiscal year. He also stressed to us that for Sony right now it's really more about the great games, content and services (through PSN) than it is about price.