PS3 News: Pachter Expects PS3 Price Drop In June - PS3 News

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Pachter Expects PS3 Price Drop In June

Most assume the three major console players will drop their prices this year, but it's looking more and more like Sony might be the first.

After a slew of sales found at various retailers and the rumor that a hack-proof PS3 is on the way, one of the industry's major analysts has weighed in: Wedbush Morgan analyst Michael Pachter says Sony might cut the price of their machine by June.

"We expect PS3 software sales to spike when several high profile releases launch in the coming months, and believe that overall PS3 software sales would benefit immensely from a hardware price cut, expected in June."

E3 starts on June 7 this year and Sony might announce the price drop during their press conference. As of now, they haven't mentioned anything about such a possibility, but the evidence is beginning to mount. The PS3 costs $299 but if Sony could manage to drop that price by $50 or even $100 some time this year, it could cause a definite sales surge, which might be the final push the system needs to top the Xbox 360 in worldwide numbers.

Tags: ps3, playstation 3, ps3 price cut, ps3 price drop

2/23/2011 3:19:00 PM Ben Dutka

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Comments (51 posts)

Sunni_Boi
Wednesday, February 23, 2011 @ 3:41:18 PM
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Hmmmmm might be getting a ps3 for my girl!

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th3_bLy
Wednesday, February 23, 2011 @ 3:48:11 PM
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I don't think Sony would drop it by $100, to a price where it's lower than the Wii and equivalent to the price of a PSP bundle. Probably a $50 drop if they do indeed cut the price.

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Ludicrous_Liam
Wednesday, February 23, 2011 @ 3:56:49 PM
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My prediction: 300GB Slim with move and a choice of LBP2 or Killzone 3 (both move compatible) for $299.

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Karosso
Wednesday, February 23, 2011 @ 4:02:56 PM

That would be a smart way to do a price cut as well, not sure how much room they have to work with the price on Move thou...

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Karosso
Wednesday, February 23, 2011 @ 4:01:18 PM
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I'm a little bit torn about it, in one hand I would jump on the chance of getting a slim for 200 bucks (Please forgive me my phat love, you'll always be my number one :)) but on the other hand I would hate for them to be losing money on the hardware side again...
But at the 200 dollars price point, they would dominate the rest of the year and set the pace for overtaking the XBOX360 in the US.
This price the avalanche of top games coming down this year would be just too tempting to pass on. They would surely overtake MS.

Last edited by Karosso on 2/23/2011 4:04:59 PM

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city96
Wednesday, February 23, 2011 @ 4:09:51 PM
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If SONY lower the price too much, they will make a loss on each sale which is basically what they have been trying to combat since the launch.

They might be able to pull off the losses again and hope that all the Exclusive games this year sell amazingly well.

Maybe they are bundling Move to sell more hardwares

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Highlander
Wednesday, February 23, 2011 @ 4:16:42 PM

Money on console sales is generally not the case until late in the cycle. the money is usually made from the game licenses/royalties and the accessories. The Wii is the most notable, and only modern example of a console that sold at a profit from the start.

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manofchao5
Thursday, February 24, 2011 @ 10:44:33 PM

only reason it made profits so well was because their cheap ass hardware wasnt much faster than the ps2 or xbox of last gen

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ace_boon_coon
Wednesday, February 23, 2011 @ 4:10:49 PM
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I think they will drop it by 50 bucks by e3.

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Highlander
Wednesday, February 23, 2011 @ 4:18:56 PM
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I think that they might being a new unit as a bundle for $299, and then at E3 announce that there will be a 450 price cut, and they'll start selling the base unit (no bundle) at $250. I also think that they will take the opportunity at this year's E3 to start bringing colors to the PS3 case. Though they might allow the dust to settle after the price cut, and then bring difference case/controller colors in time for the Holiday season.

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WorldEndsWithMe
Wednesday, February 23, 2011 @ 4:45:56 PM

You missed the Shift Key brother, but I do like the idea of someone paying ME to take their console :)

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Highlander
Wednesday, February 23, 2011 @ 4:49:58 PM

Ack! Yes indeed I did miss that shift key that should be $50 price cut not 450 price cut lol!!

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NoSmokingBandit
Wednesday, February 23, 2011 @ 4:22:50 PM
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If Patcher says so then it must be true!

I havent heard this guy make one correct prediction in the videogames market.

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WorldEndsWithMe
Wednesday, February 23, 2011 @ 4:46:31 PM

He must have gotten some of the obvious ones... sometime or other.

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NoSmokingBandit
Wednesday, February 23, 2011 @ 5:51:13 PM

I predict that after the PS3 sony will make another console, probably called the PS4.

I'll take my check now ;)

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cLoudou
Wednesday, February 23, 2011 @ 4:26:59 PM
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Off topic :
I got a message from HiramJ on PSN. He told me that I was blocked by being part of "the worst site ever". Just thought it was hilarious that he went through all that to tell me that I'm blocked. Anyone else get a message from him/her.

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WorldEndsWithMe
Wednesday, February 23, 2011 @ 4:47:31 PM

lol, talk about being Butt Hurt. I got a weirdo stalker like that once after he got booted from here. After I blocked the kid he just wouldn't stop making new names and trying to get accepted.

Some people's kids.

Last edited by WorldEndsWithMe on 2/23/2011 4:47:50 PM

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Underdog15
Wednesday, February 23, 2011 @ 4:59:46 PM

lol I also got a message filled with profanity.

Apparently I'm doing the site admin and slept with the editor to get him banned because I was upset about Hiram owning me.

... hmm... it's not really how I remember things going down.

Last edited by Underdog15 on 2/23/2011 5:00:09 PM

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NoSmokingBandit
Wednesday, February 23, 2011 @ 5:51:55 PM

Yeah, you told me you were only banging the admin...

Last edited by NoSmokingBandit on 2/23/2011 5:52:11 PM

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frylock25
Wednesday, February 23, 2011 @ 6:22:25 PM

yea dude i got that same message 2 times. the first time though, it was a friends request letting me know i was blocked for being a part of the worst website ever. then it was a blocked message. stupid ass. i dont think i ever even talked to that guy on here.

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Underdog15
Wednesday, February 23, 2011 @ 6:42:37 PM

heh, I went on my wife's account, sent him a message that he was blocked for contributing like some stupid stupid-head more stupidly than any stupid stupid-head has ever stupidly contributed to the best site ever.

He probably got a blocked message right after. :)

I know... childish, but it was fun.

I then logged onto my back-up account and asked him if his father was abusive or if his mother was emotionally unavailable, or both.

I feel much better now.

@Beamboom
Admin? You heard wrong. But I had poor reception, so understandable. It was "girlfriend". I was referring to yours. It was an apology. I'm sorry for your underwhelming luck. ;)

Last edited by Underdog15 on 2/23/2011 6:46:54 PM

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Jawknee
Wednesday, February 23, 2011 @ 8:43:50 PM

LOL! He contacted me on PSN too and told me to go F*** myself and that everyone here at PSX and "go to hell".

He's still butt hurt for being banished back to Mordor I guess. You should file a Grief Report with Sony if he was as foul mouthed to you as he was me.

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Jawknee
Wednesday, February 23, 2011 @ 8:56:20 PM

*can "go to hell"

0.o

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cLoudou
Wednesday, February 23, 2011 @ 9:53:23 PM

No biggie, he just told me to "piss off". Its funny because I've never even tried to contact him.

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cLoudou
Wednesday, February 23, 2011 @ 9:53:36 PM

No biggie, he just told me to "piss off". Its funny because I've never even tried to contact him.

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ZettaiSeigi
Wednesday, February 23, 2011 @ 9:54:12 PM

He better have a keyboard attached to his PS3 to actually do all of those. That must be some effort to type using just the Dualshock3. LOL What a kid!

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swapnilgyani
Wednesday, February 23, 2011 @ 11:29:15 PM

Looks like I've missed some hilarity!

Who or what is Hiram?

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Underdog15
Thursday, February 24, 2011 @ 11:17:02 AM

Why did I think nosmokingbandit was Beamboom?

huh... Is nosmokingbandit new here or something?

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GGCAN
Wednesday, February 23, 2011 @ 4:37:49 PM
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I got a great deal this past Friday and it's still available in Canada at Best Buy until Feb 24/11.

A 320 GB Slim, with Modnation racers, U2, Karate Kid Blu ray movie and a PS3 Blu ray remote all for 299.99 Canadian.

My Phat is still alive, but for the past year I've been getting connection errors many times logging onto the PSN and at times it tells me an ethernet cable isn't connected, when it actually is.

The 299.99 deal was a great buy.

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WorldEndsWithMe
Wednesday, February 23, 2011 @ 4:49:31 PM

If you leave up an active torrent downloader on your computer it will cause havoc with your PSN connection and errors. Dunno if that's your problem, just sayin.

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Underdog15
Wednesday, February 23, 2011 @ 6:54:36 PM

Indeed. Torrents like to stake claims to various ports on your router, some of which may be used by your PS3.

Conform to the World!

Last edited by Underdog15 on 2/23/2011 6:54:59 PM

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frylock25
Wednesday, February 23, 2011 @ 7:11:07 PM

you know what i get that same problem with it losing connection. sometimes i just have to move the cable around. like it has a bad connection

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WorldEndsWithMe
Wednesday, February 23, 2011 @ 4:51:17 PM
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What was Pachter's first clue? Mine was the typical stock draining that happens before a price cut + new model.

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sha4dowknight05
Wednesday, February 23, 2011 @ 4:56:26 PM
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I hoep this is going to be true. I had some of my listed features i would like sony to have on thier next version. Espcially the 6 usbs and a RSX and CELL smaller than 40 NM so the console can produce minimal heat.

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Alienange
Wednesday, February 23, 2011 @ 5:03:33 PM
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A $50 price drop just doesn't seem that exciting to me. Here's hoping it's a hundred.

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NoSmokingBandit
Wednesday, February 23, 2011 @ 5:52:55 PM

That might be a *little* optimistic.

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Highlander
Wednesday, February 23, 2011 @ 6:55:48 PM

A 1/6 price reduction isn't exciting?

::blinks::

I'll grant you that a 1/3 drop is even more exciting, but a 16.667% price cut is pretty good going.

Last edited by Highlander on 2/23/2011 6:55:55 PM

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kraygen
Wednesday, February 23, 2011 @ 7:26:52 PM

I think asking for a $50 price cut is a lot, seems all the evidence is there, but seems too much to hope for.

If it drops $100, I may have to run out and buy a couple before they all disappear.

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Gone
Wednesday, February 23, 2011 @ 7:08:39 PM
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GDC starts next week Feb.28 - March 4, maybe there might be some price drops happening.

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kraygen
Wednesday, February 23, 2011 @ 7:29:45 PM
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So if it does drop $50, will we still get bundles like the kz3 bundle, but for $250? Because if the answer is yes, I might hold off on my infamous 2 order, in hopes of a sweet ps3 superhero bundle of my dreams.

Please dear Sony, make me an infamous 2 bundle with a lightning design on my ps3. If that was $250, yeah I'd buy more than 1 and if they made a more expensive version that had the hero version of the game, I'd be in heaven. Dare to dream.

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Highlander
Wednesday, February 23, 2011 @ 8:42:41 PM

If there is a cut, my bet is that the new 300GB SKU on it's own with a controller will be $250, and either a Move bundle at $300 including with the new 300GB SKU inside, or a game/BluRay bundle at $300 with the new 300GB SKU inside.

That's my prediction, I want Pachties job and pay-check.

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Kiryu
Wednesday, February 23, 2011 @ 8:47:27 PM
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i hope whoever bought a ps2 will buy a ps3 because it has that library of Excellent Games!

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Jawknee
Wednesday, February 23, 2011 @ 8:50:25 PM
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If this price cut and the new "hack proof" model is an ultra slim model I'll pick one up by next year. I love my Slim and its going strong but it's starting to get louder and louder.

You think that's normal Highlander? Could dust build up on the fan cause it to work harder or something?

It's especially loud when I play DVD's or ripping a CD. The best way I have found to keep it quieter is placing it on the bottom shelf of the TV stand with the window cracked open. Since cooler air drops(it's winter here)the PS3 fan sucks up the cool winter air keeping the temp down.

Last edited by Jawknee on 2/23/2011 8:50:57 PM

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Highlander
Wednesday, February 23, 2011 @ 9:01:13 PM

Dust could build up, and the bearings on the fan could go bad - that can happen rarely. It's more than likely dust build up on the fan blades causing them to become unbalanced.

Last edited by Highlander on 2/23/2011 9:01:21 PM

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GuyverLT
Wednesday, February 23, 2011 @ 9:29:51 PM
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I actually want me a another phat PS3.

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swapnilgyani
Wednesday, February 23, 2011 @ 11:32:17 PM
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$100 seems quite out of the question. Not only because its insane, but also coz a certain upcoming "handheld PS3" might end up costing quite a bit more than the actual PS3!

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___________
Thursday, February 24, 2011 @ 1:19:29 AM
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definitely would help the ps3 sales, but then it will hurt the NGP and xperia play sales.
so i cant see this happening.

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Excelsior1
Thursday, February 24, 2011 @ 8:20:54 AM
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$100 price drop would be great, i just don't see a$50 price cut having a huge impact. sony has needed a $199 sku for awhile to match the competition.

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Temjin001
Thursday, February 24, 2011 @ 10:21:18 AM
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"We expect PS3 software sales to spike when several high profile releases launch in the coming months, and believe that overall PS3 software sales would benefit immensely from a hardware price cut, expected in June."

oh, and there's more to that quote!

"And don't forget that the WHISPER QUIET slim 360 which boasts LAST FM will probably drop in price soon after. Oh, and PS3 will always be in third place"**










**Fictional quotation not made by Pachter but he PROBABLY thought it
=p

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Highlander
Thursday, February 24, 2011 @ 11:15:38 AM

Now Temjin, you mis-quoted The Patch...

"We expect PS3 software sales to spike when several high profile releases launch in the coming months, and believe that overall PS3 software sales would benefit immensely from a hardware price cut, expected in June."

oh, and there's more to that quote!

"And don't forget that the squat 360 which boasts the ability to scar game discs when looked at and ironically features LAST FM will probably drop in sales as soon as 360 owners with a dodge 360 have finished replacing their hardware. Oh, and PS3 will overtake the 360 globally, but the US market will continue to be dominated by people who buy multiple replacement consoles rather than dumping a product with a catastrophic failure rate like the decaying rat it resembles."**


**Fictional quotation not made by Temjin but he PROBABLY thought it

;)

Actually, now I read the quotes again, yours is probably the closest to what he'd say, but mine is what he'd be thinking...

:D

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Temjin001
Thursday, February 24, 2011 @ 5:37:58 PM

haha I like it =)

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