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Analyst: No PS3 Price Cut "Just Yet"

There have been many rumors floating around concerning a possible price cut for Microsoft's Xbox 360. Most sources believe this will be confirmed some time soon (probably at E3), and it would help to reverse the trend of stronger PlayStation 3 sales and weaker 360 sales the past few months.

However, don't expect Sony to react in turn, as according to GameRush Entertainment, they're happy with the current price of their next-gen machine. They cite Signal Hill analyst Todd Greenwald, who had this to say on the popular subject:

"We do not expect a price cut on the PS3 just yet. Sony appears to be focused on profitability right now, and actually has some momentum behind it now with the Blu-ray win, and its strongest line-up of exclusive titles since the consoles launch (Metal Gear Solid 4, Gran Turismo 5, LittleBigPlanet, Killzone 2, Resistance 2, Motorstorm 2, etc)."

Well, as we all know, none of those titles with the exception of MGS4 are here yet, but that doesn't stop the statement from being true. Blu-Ray is certainly the undisputed victor of the high-definition format war, and as of now, the PS3 remains the only video game console with a Blu-Ray player. Furthermore, with the stronger sales, there just isn't any incentive for a price cut right now. Sorry, but if you want MGS4 and all those other awesome titles, and you want your PS3 soon, you should know that the price tag is gonna be the same for a while.

7/10/2008 Ben Dutka

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New Comment System

Legacy Comment System (10 posts)

Thursday, July 10, 2008 @ 11:22:38 AM

Sony will make money on the machine eventually, the only dissappointment for me was how they "chopped and changed" the model structure so many times I believe they left a confused customer base trying to understand what they were really buying and what special features they would benefit from. I own a 60GB model; I am very happy that I got this model with all the features... I feel the newer models are weaker and have short changed the customer somewhat.

I will be purchasing the "new" model rumoured to be released in August/Septembet as a second back-up model, and one to be used in the lounge connected to the HDTV. The current one I have sits in my room... let us see what Sony has up it's sleeves in the coming week... a very interesting week it shall surely be!


"aLl RoAdS LeAd ToO HoMe"

Last edited by Qubex on 7/10/2008 11:23:16 AM

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Thursday, July 10, 2008 @ 12:07:19 PM

The reason that they chopped and changed is because they had to reduce the hardware to have a cheap price, if they didn't do that they will lose some serious money. so in my eyes it was a fair decision by sony.

Last edited by Bugzbunny109 on 7/10/2008 12:08:08 PM

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Thursday, July 10, 2008 @ 12:05:37 PM

I have to get a second one(I have the 60Gb one too)for my living room, because frankly I loaded up my hard drive with a load of porn lmao..u kno u did it too

Last edited by MarvelZombies on 7/10/2008 12:05:59 PM

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Thursday, July 10, 2008 @ 2:07:46 PM

lol you do that on your computer not ps3

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Thursday, July 10, 2008 @ 8:18:57 PM

hahaha i think these kinds of conversations are meant for shady backalleys rather than the PSXtreme comments section :P

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Deleted User
Thursday, July 10, 2008 @ 12:21:11 PM

The ps3 has been around for 2 years and is supposedly going to be around for another 8.

Sony can't go down too soon because they'll have no where to go down in the future.

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Thursday, July 10, 2008 @ 5:51:13 PM

IMO Sony should drop the price, Sony needs to compete a little stronger, forget about profit margins on the system and market the hell out of it. This Gen feels sloppy compared to the last gen.

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Thursday, July 10, 2008 @ 10:02:44 PM

dropping the price has noting to do with marketing. And they have to turn some kind of profit if you still want PS3 games. Cause if they drop the price, they will lose money, which in turn, could cause the PS brand to go under. You really have to look at it from a larger picture, rather than "they have to lower the price to compete." Sony is going for the long term, not the short term, which I personally feel is what they need to be doing.

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Thursday, July 10, 2008 @ 8:49:17 PM

The only reason the price for the 360 dropped was because, for the first time, MS has some major competition and is getting a little concerned. W/o a blu-ray player built in and the line up of games this year that the PS3 has, what else are they going to do but drop their price again. I don't blame them and there really is no need to drop the PS3 price for how well it's doing this year.

Like matrix said, if the PS3 is supposively going to last another 8 yrs, they have a long ways to go. And apparently there's going to be a xbox 720 or whatever sometime soon. So kinda makes sense.

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Thursday, July 10, 2008 @ 9:06:57 PM

Fatchaddy smokey pokey, apparently you don't remember the beginning of the last generation.

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