Pachter: No PS3/360 Price Drop Until Wii U Price Is Revealed
Are you wondering if Sony or Microsoft will drop the price of their consoles this year?
Well, Wedbush Morgan analyst Michael Pachter said both companies are waiting until Nintendo releases the retail cost of the Wii U.
He says that if the Wii U comes in at $300 and up, the PS3 and 360 will remain at their current price points. "When Nintendo makes a move, they [Sony and Microsoft] will respond accordingly," added Pachter. Before E3, it was widely believed we'd see at least one price drop announcement but it didn't happen and apparently, it's because the Wii U's price remains a secret.
As for the PlayStation Vita, Pachter doesn't expect a price cut until "November at the earliest" and likely "not until February." This sort of falls in line with what Sony boss Shuhei Yoshida recently said, about how the company's focus was on maximizing the unit's potential rather than cutting the price.
6/7/2012 11:12:37 PM Ben Dutka