Video game analyst Michael Pachter believes the PS3, 360, and Wii will all see price cuts in 2011. Is he right?
Console prices are still in the $200-$400 range, despite being 4-5 years old. While unsurprising given the initial prices of the Wii, PS3, and Xbox 360, it makes sense that decent price cuts may finally become a reality. Wedbush analyst Michael Pachter, known for predicting video game sales and events, believes that all three major systems will get a price cut in 2011.