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EEDAR: PS2 price cut to halt declining sales

Sony's decision to cut the price of the PlayStation 2 to USD 99.99 will initially boost sales and lessen the platform's long-term declining market share, according to the Electronic Entertainment Design and Research group.

The research firm reports that PS2 titles accounted for 21 per cent of all home console software sales in the last quarter of 2008, and 19 per cent in the first quarter of 2009. Today's USD 30 price cut will boost hardware sales by 30 per cent from the previous quarter and 10 per cent year-over-year.

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hitthegspot3487d ago

I can think of better ways to spend $99.