Wedbush Morgan analyst Michael Pachter has stated that Sony could offer a PlayStation 3 price cut as early as this summer, due to a decrease in manufacturing costs.
The analyst also expects that Sony's PlayStation 2 will be the lead platform for a number of high profile game releases over the next four months, with last-gen software outselling the latest releases for big budget machines.
"It is possible that Sony's cost of production for the PS3 has declined to the point that the company may consider a hardware price cut some time this summer, and we may see a price cut for the PS2 before the holidays," commented Pachter.
Movie tie-ins will be leading software sales over the coming months, according to Pachter, allowing publishers to reap the benefits of the PlayStation 2's massive user base.
if this is true then it is sooner then I expected. Well it's only for the better I guess.
over and over again with these analyst. If they were to drop the PS2's price, what incentive would be there for users to go out and purchase the next-gen PS3?
Looking at the Gaming library of the PS2 and a low low price(if they were to cut), even lower then the Wii's , you might get more kids buying the cheapest console this X-mas with like 15 games and gazillion peripherals.
I would hope Sony want gamers to jump unto the PS3 sooner then later.
But I understand, Later just might be beneficial because, well PS3 doesn't have that much going for it as of now. Since most gamer are either Folding, watching movies, or playing 2 good games.
Then of course Analyst always forgets to mention what might the competition do if one cuts it's prices, especially when the wii and xbox360 are more closer to being profitable then Sony is.
Still a PS3 price-cut would be nice, but I wonder by how much? $500 Ps3 plus games, tax, controller, warranty still shoots you over $600 and close to $700+ bucks.
I don't think so because remember Sony is in it for the long haul so over a course of ten years why would they drop it and loose even more money! Could this be a sign of weakness or is this just an attempt to have more people hold on before just saying [email protected] it and buying a 360!
First they don't work with the company directly so have no real understanding how they think. Nor do they know anything more than to crunch numbers and predict what might happen. Nostradamas predicted a lot and only a wee fraction of those came true (or did we just read too much into his babbling) Sony is getting some parts for the PS3 cheaper now, why would they reduce the price they still need to make money off the darn thing so I don't think a price drop is happening too soon.
happening this year. Just like it did with the Xbox...and just like it did with the PS2 in the UK