PS3 News: Analyst: PS3 Price Cut Possible This Summer - PS3 News

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

Analyst: PS3 Price Cut Possible This Summer

We had heard that the production costs of the PS3 could drop by $100, and due to this, we suggested the possibility of a price cut. Well, we're not the only ones, as Wedbush Morgan Securities' analyst Michael Pachter has also said Sony could cut the PS3 price. The only difference is, he took it a step further and said it could be as early as this summer.

He further believes the PS2 will continue to be the lead platform in the coming months, thanks to movie tie-in titles that will take advantage of the PS2's gigantic installed userbase. And in addition to a PS3 price cut, the PS2 could also fall again in price by this Christmas.

"It is possible that Sony's cost of production for the PS3 has declined to the point that the company may consider a hardware price cut some time this summer, and we may see a price cut for the PS2 before the holidays," said Pachter.

The big summer movies are spawning plenty of games, and Pachter thinks the PS2 versions of Spider-Man 3, Ratatouille, Shrek the Third, Transformers, and Harry Potter and the Order of the Phoenix will sell the most. He also predicted April's hardware and software sales numbers: overall, they're expected to be up 24% to about $489 million, with the PS3 selling around 100,000 units. That's a number that could increase drastically this summer if the price cut does indeed happen, especially with plenty of great games scheduled for late summer and early fall.

5/15/2007 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

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Latest Updates

Shadow of the Colossus Review
10d, 10h, 3m ago (2 comments)

Strikers Edge Review
14d, 10h, 43m ago (19 comments)

Okami HD Review
15d, 8h, 35m ago (6 comments)

Ultimate Chicken Horse Review
19d, 3h, 29m ago (16 comments)

Black Mirror Review
34d, 15h, 31m ago (23 comments)

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results