Pachter Says: PS4, Xbox One E3 Price Cuts Are Unlikely
Think we'll see price cuts for PlayStation 4 and Xbox One when E3 rolls around?
Don't bet on it, says Wedbush Securities analyst Michael Pachter. In an investor's note today, Pachter explained the reasoning behind that prediction:
"We do not expect price cuts for the Xbox One or PlayStation 4. We do not expect Microsoft to permanently cut the price of the Xbox One without Kinect from $399, instead focusing on compelling bundles with first- and third-party content, with some of the applicable games included as free pack-ins."
He added that he thinks the Xbox One price point will revert back to $399 after having been discounted to $349 for much of 2015. Of course, not long after this prediction, Microsoft proved him wrong by announcing that $349 would be the new permanent retail price moving forward. Which means he could very well be wrong about Sony and the PS4, too.
As for why Sony won't drop the price of their system, it's simply because PS4 continues to outsell Xbox One. But for how long, Pachter...?
6/9/2015 9:55:02 AM Ben Dutka