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Pachter: PS2 Price Drop In 2007, PS3 To Drop For GTA IV

In his latest notes wrapping up news for July and early August, Wedbush Morgan analyst Michael Pachter has predicted that the PS2 could see a price cut in anticipation of the holidays, but that a drop in the PS3's price might be delayed to early 2008 alongside GTA IV and Metal Gear Solid 4.

Following Sony's $100 price cut on its 60 gig model PS3, and the recently announced drop on all models of Xbox 360, Pachter thinks it might be too soon to see Sony dropping the PS3's price yet again, but adds that "a price cut for the PS2 is possible," adding that "any hardware price reduction could serve as a catalyst for sales growth later in the year."

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gamasutra.com
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Maddens Raiders3554d ago (Edited 3554d ago )

good ~prediction~. But, honestly a guy I met downtown last week beat you to it.

He fancied himself as a "magician" with a local carnival group and called himself "The all-knowing Jentzen", and he seemed very believable I might add. Come to think of it I even threw him a few bucks tip for his efforts. *_*

Milkman5413554d ago

I see the new 80GB Playstation 3 going to $499 as soon as the old 60GB sells out, and then about 4 to 6 months down the road the price dropping to $399.

TeaDouble_E3554d ago (Edited 3554d ago )

The 80 gig 600 dollars not 500 .

Kleptic3554d ago

he is saying that the 80gig will go to 500 after the 60gig is gone...which is probably the most realistic thing to happen...Sony will have everyone right back to being pissed off again if they try to keep ANY PS3 $600, especially one that is arguably cheaper to make than the current 60gig...

and I am sick of this Pachter guy...who is he telling all these predictions to? why doesn't he stick to people that care? GT kept having him on their show for whatever purpose...this guy needs to stick to people that are only concerned about stock...

he is another person in the industry that gets paid huge sums of money to state the obvious...and some how this guy is wrong a lot of the time...

jinn3554d ago

sony is trying a little too hard to win this war with all these price drops.

Captain Tuttle3554d ago

If you're not winning you're losing.

LSDARBY3554d ago

All these price drops? there has only been one, and this is some guy saying he thinks they will

THX71683553d ago

"If you ain't first, you're last!"

Milkman5413554d ago

The 80GB will be $499 after the 60GB sells out...

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