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