Leading Analyst Predicts April Price-Cut For PS3


Posted January 13, 2009 - By Stephen Johnson

Wedbush Morgan Securities video game analyst, Michael Pachter, says the PlayStation 3 is going down in price to $299 in April. Pachter thinks the price cut of $100 could pull the PS3 out of its recent sales slump.

"Once the PS3 is at a more affordable price point (we expect a cut to $299 in April), we think that sales of that device will once again begin to grow," Pachter said.

Pachter also thinks Microsoft will answer with a retail slashing of its own. "We expect another cut in price for the Xbox 360, with the feature-laden Pro model likely to come down in price to $249 at or before this year's E3 show in June," the analyst predicted.

To round out his trio of current-gen psychic predictions, Pachter doesn't see a price-cut coming for the Wii. It isn't like Nintendo needs to do anything to boost sales of the mom-friendly console after all, right?

A PlayStation 3 for only $299 is pretty amazing--that's half the price of a 60GB PlayStation 3 at launch. But is it low enough to convince gamers who have been resistant to the machine? I'm sure you'll let the world know what you think below.


Leading Analyst Predicts April Price-Cut For PS3


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