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IGN - Sony: Time Was Right for PS3 Price Cut

IGN - Today, Sony dropped the price of the base 160GB PlayStation 3 console from $299 to $249 globally. Additionally, the 320GB unit saw its price cut from $349 to $299.

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NealCaffrey3076d ago (Edited 3076d ago )

If you don't have one, now's the time to buy one, so many great games coming out this year for PS3, and for a great price too.

firemassacre3076d ago (Edited 3076d ago )

tell me about it, that new uncharted 3 footage was out of this world.

oli3076d ago

every time there is a price cut for any system we always hear, "if you don't have one, now is the time to get one, [insert reasons here].
anyways, its always a good time for a price cut for anything.

darthv723076d ago

any time is the right time for a price cut. From the company perspective, when you see the sales drop below a certain percentage you evaluate if a price cut can be made and if there are cost cutting changes to the hardware that dont create problems for existing and future titles.

Now people have been saying MS needs to cut the price of the 360. They could do that to save face. The 250gb for $249 and the 4gb for $149-159 but I would be more impressed if they cut the cost of kinect instead.

Move had a price cut and to counter, MS could make the stand alone kinect go for $99. Whatever MS or nintendo does as a counter move (regarding price) all I know is the consumer wins. Like sony says its the right time for a price cut. Its the right time to get a ps3 if you dont have one.

At some point the cost will be at a point where you no longer have to hold out on playing the other systems. Expanding entertainment is always a good thing.

Misterhbk3076d ago

Just before the holidays is always the right time of year to announce a price cut. It'll sell like crazy to all the people who were put off from spending 300.

That 50 can now go towards games.

news4geeks3076d ago

meh, I'm still waiting for it to hit under £100.

gw4k3076d ago

Thanks for your incredible insight IGN.....

Jamzluminati3076d ago

Wait. When did the price drop?

+ Show (2) more repliesLast reply 3076d ago
Dart893076d ago

I expect during the holidays they will be on high demand due to the price cut.

banner3076d ago

Let's see what happens, it was just 50 bucks. I don't think 50 bucks was holding ppl back from buying a ps3 but they are still selling well so it can only help n

raWfodog3076d ago (Edited 3076d ago )

I agree. I love my PS3 but I think if anyone else really wanted one, they would have already bought one and $299 wouldn't have stopped them.

Now the new $249 will make a difference only if it's marketed and advertised correctly to make the casual gamer, or parent buying for their kids, feel as if they are getting a good deal. It has to really sell the details of all they are getting for only $250.

I'll tell you what though. This will make me pick up another console so my kids can have their own PS3 and leave mine alone. I'll get the new one, of course :)

3076d ago Replies(5)
Megaton3076d ago

Time was right for a $100 price cut, not a $50.

oli3076d ago

time is right for any price cut

Megaton3076d ago (Edited 3076d ago )

It's not gonna hurt them by any means, but it doesn't have the same impact as a $100 cut. I kinda just shrugged my shoulders at the $50 announcement. I think a $100 cut would have been the much smarter move, especially at a time where they're taking a monthly retail stank-pounding at the hands of their competition, despite the stellar lineup of exclusives. A PS3 at $200 is irresistible. At $250 it just seems like an Amazon Gold Box special. Half measures.

banner3076d ago

6 disagrees??

IMO they should have dropped 100$ off the tag. I think they would have destroyed the competition! but Sony likes it slow and steady, I'm sure the ps3 is and will continue to be successful for them.

raWfodog3076d ago (Edited 3076d ago )

It's not so much about 'destroying' the competition as keeping up their own revenues for business and stockholders sake. I agree a $100 price cut would have been great for the consumers but, from a business standpoint, it's probably unnecessary since they are making profit at the $249 price point.

dkgshiz3076d ago

$250 is not much for a 3D Blu-ray player,gaming console,media center,etc. Most 3D blu-ray players themselves are $300.

banner3076d ago

I agree with you it's not much for what you get. It's just my opinion that $50 isn't that big of a deal.

Now don't get me wrong, I'm not rich by any means, but if I didn't have a ps3 already and I was in the market for 3d and blu ray 50 bucks wouldn't stop me from getting a stand alone player. however, 100$ price difference wouldn't really make me question much in picking a ps3 over any other option.

Like I said this can only help sales as they are selling well as is. I just don't see a huge sales jump over 50$ but I can be wrong. Ms also has strong momentum right now cutting 50 off their console would make ps3 sales much harder. Again just my opinion. The ps3 is a success to Sony no matter what happens at this point.

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