Industry analyst Michael Pachter expects the 80GB PlayStation 3 to drop in price to USD 499 once all stock of the 60GB model has sold out.
The 80GB model currently retails in North America for USD 599 with a copy of Evolution Studio's Motorstorm, but Pachter believes the newly introduced unit will drop in price for the standalone console.
"In our view, the Sony entry level price of USD 499 is here to stay," he said.
"We believe that there are presently 2 – 3 million 60GB PS3's produced and not yet sold, and expect the entire supply to be diverted to the US to honour the new lower price point.
"Once these units are sold through, we expect the company to lower the price of its 80GB model to USD 499 on a standalone basis."