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It's official - No PlayStation 3 Price Cuts

U.K. games industry journal, MCV, reports that Sony's European director of corporate communications Nick Sharples has snapped back at analyst demands for PS3 price cuts.

In case you've not caught up with the latest analyst attack, Bank of America analyst, Michael L. Savner, stated that, "Despite growing anticipation that a $100 price cut for the PS3 is imminent this summer or early fall."

This had been preceded by that master of analysis, Wedbush Morgan's Michael Pachter, who told the world last month, "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."

Sharples told MCV, "I'm not aware of any cut in production. We have our forecast for the year for PS3 of ten million and that still stands. Of course, production is adjusted according to stock levels and requirements of different territories. The normal seasonal uplift towards the peak season will happen, but that's completely normal.

"There's absolutely nothing that you can read from that. The idea of price certainly doesn't follow on to any adjustment in production. Analysts may wish to think so, but there's no basis of fact in any of it."

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reaperxciv3791d ago

hmm too baaaad! Well, an option would be to get those top shelf units on sale...

jerrell3791d ago

Just do what I just did, I turned in my old PS2 which was in mint condition and most of the games I will never play and got over 100 dollars in store credit. There was my price cut right there!! And I did that this week and I am happy with my purchase! There are a few games yes, but I have alot of PS2 games to get caught up on until they start rolling out this month. Better get it now before the real games start coming out cause I know once Heavenly Sword comes out, PS3 sales will spike.

sak5003791d ago (Edited 3791d ago )

Or better, buy an xbox 360.

naturalgamer3791d ago

how can you tell someone who wants a ps3 that he should buy a 360? i don't get it. the upcoming games for the ps3 are so much different from what the 360 has to offer. so please, shut up man!

TheMART3791d ago

Are they? The way the PS3 sells the last month, 89k in North AMerica, 32k in Japan and maybe Europe about the same as NA... I don't think games like MGS4 and FXIII will stay exclusive.

So most important PS exclusives will come to the 360

gta_cb3790d ago

you own all 3 consoles yeh?

which one do you prefer the most?

which one do you play the most?

Bill Gates3791d ago

IMO, the PS3 really is a bargain at $600.

GoLeafsGo3791d ago

Sure is...unless you're looking for something that's got atleast 5 games worth playing that aren't on any one console (WITH rumble, I might add =P!)

3791d ago
Keyser3791d ago

Not a popular opinion amongst many gamers but I think that Bill Gates is right, it is a bargain, it jsut depends on who the buyer is and where they're at financially.

My logic is that I have a 1080p HDTV and I can't get anything in 1080p unless it's bluray or hddvd. Bluray players are still like $600 beans and they don't play games. The PS3 gives me the ability to play games and watch bluray (may not be ideal for some) for $600. There are also PS games that aren't coming to 360 so if I want to play both I have to have both systems.

I'm not feeling the 360 hddvd addon because for $200 more I don't get a bigger disk format for games that I get with the PS3.

I know people harp about lack of games currently for the PS3 but I bought my 360 at launch and can remember waiting on games for it. I also remember buying my PS2 at launch and waiting on games for it. So I've developed patience for systems in their first year. Also, I'm in my late 20's and have a busy schedule. I own God of War but still haven't had time to play it. I'm working through Shadow of the Colossus now and still haven't unwrapped San Andreas!! I don't have as much time to dedicate to games prior to college and girls are a lot less tolerant of you sitting in front of the tv for hours or I'm a lot less rude:).

In any event, if I'm going to pay $400 for my 360 then I can pay $600 for a PS3 that plays bluray and games. It was a no brainer.

Bathyj3791d ago (Edited 3791d ago )

Well of course they're not going to drop yet, and of course they're not going to say they'll drop before they do.

Late Autumn, Early Winter.

wolfgang3791d ago

Your right, if they annonce a price, people are gonna wait until the price drop before buying it (so no sales a few months before the price cut).

FirstknighT3791d ago

Let me answer this in the language of the sony boys...

NO DUUUUUUUH!