PS2 News: Analysts: PS2 Won't See $99 For A While - PS2 News

Members Login: Register | Why sign up? | Forgot Password?

Analysts: PS2 Won't See $99 For A While

Last year, all anybody could talk about was the possibility of PS3 price cuts, which eventually happened. These days, the PS2 continues to roll along at a fairly decent clip, so some are wondering when the never-say-die console will drop to a very attractive $99.

Well, because the PS2 continues to do so well, you probably shouldn't expect that drop any time soon. According to the MTV Multiplayer blog and our two favorite industry analysts, the demand for the PS2 remains high, and Sony doesn't have much incentive to lower the price tag to $99. Here's what Wedbush Morgan Securities' Michael Pachter had to say on the matter-

"The real reason we haven’t seen a $99 PS2 is that demand hasn’t dropped enough for Sony to justify the price cut. Compelling content like ‘Guitar Hero‘ and ‘Rock Band‘ keeps the demand for PS2s up. As long as you’ve got a couple hundred thousand PS2s a month selling, Sony doesn’t feel compelled to make the cut. I think you will get the cut, because, frankly, Sony wants to differentiate the PS3. I think the PS3 comes down to $349, maybe $299 if they can afford it. But they’ve just been selling four to five million PS2s a year in the U.S. so there’s no reason to cut the price until it drops to two million. It really is just demand-driven."

Wilson obviously agrees with Pachter's analysis, saying that while the PS2 will probably see $99 some time down the line, it won't be soon. Here's his two cents-

"The PS2 will almost certainly drop to $99 at some point, but I think it’s unlikely in the near-term. The PS2 continues to sell through very well without a price cut. Even if the PS3 was a rip-roaring success (all other things remaining equal), Sony would have little incentive to cut the price."

Well, at the very least, the PS3 is now competitively priced and the top-notch next-gen software is right around the corner. Some of it is already here ('cough' GTAIV 'cough'), and the more we see players leaping into the new generation, the more the PS2 will - finally - get left behind. We believe that then, and only then, will you see that $99 price.

4/28/2008 Ben Dutka

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

Comments (3 posts)

Mystearica
Tuesday, April 29, 2008 @ 12:02:48 AM
Reply

LOL - I bought a silver PS2 for $99 about 2 weeks ago ^_____^

And yeah ps2 are amazing bought one in case my older one decides to die out on me >...<

Agree with this comment 0 up, 0 down Disagree with this comment

Warukyure [Power User]
Tuesday, April 29, 2008 @ 12:25:00 AM
Reply

I bought extra PS2s because I didn't want my Big PS2 to die... I have one at home and one at the place I stay at when I'm at school.

For me the price of the PS2 is nothing. The sheer number of games that are available for it make it worth the $120 or whatever that it already is.

Though the PS2 is still selling well enough as it is (around quarter million per month?). I think it could use the boost in sales with the price cut. It not only shows that Sony still thinks of the PS2 but it also gives developers an alternative to develop for a cheaper platform with a broad audience to sell to.

One thing they should work on before pondering about a price cut is how about some price equalization, Sony? Prices for PS2s in other regions are ridiculous... Fix those first!

Agree with this comment 0 up, 0 down Disagree with this comment

brothermers3
Wednesday, April 30, 2008 @ 7:48:11 PM
Reply

Wow, still selling that many PS2s? Thats crazy, I thought that everybody in the U.S. already had one(or two). Thats pretty cool.

Agree with this comment 0 up, 0 down Disagree with this comment

Leave a Comment

Please login or register to leave a comment.

Our Poll

The PS4 exclusive(s) reveal in December will be...
MEGATON! Biggest thing evah!
Pretty great, but not mind-blowing.
Something decent but that's it.
A waste of hype.

Previous Poll Results