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PS3 Price Cuts Soon, Analyst Suggests

jmanalang
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Posted October 8, 2008 - By jmanalang

Although video store chain Blockbuster recently cut the price on previous bundles, Sony hasn't made any indications that they will officially trim PS3 prices this holiday season. However, EEDAR analyst Jesse Divnich suggests that Sony should should consider cutting price tags in preparation for the holiday retail rush.

In his interview with GamaSutra, Divnich said:

"We still urge Sony to consider a possible hardware price cut this holiday season.If September hardware sales fall below [EEDAR's] estimate (under 200,000 units), it could be an indication that the Xbox 360 price cut played a bigger role on hindering PS3 sales than what we originally expected."

In addition, despite the release of Sony's highly anticipated titles such as Media Molecule's customizable platformer and Insomniac's FPS sequel Resistance 2, Divnich said it may not attract more audiences to purchase a PS3. "The $399 price point is simply too steep to entice the casual and mainstream markets, regardless of how great Resistance 2 and LittleBigPlanet may be," said Divnich.

If you ask us, just LittleBigPlanet alone would be reason enough to purchase a PS3 this holiday, but what do you think? Let us know as always. LittleBigPlanet comes out this October 21 and Resistance 2 drops this November 4. Both titles are exclusive for the PS3.

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PS3 Price Cuts Soon, Analyst Suggests
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