Pachter: Japanese PS3 Retail Ordering Halted, Price Cut Likely
To confirm earlier reports of discontinued models and old stock drying up, today Wedbush Morgan analyst Michael Pachter stated in a Podcast that we're about to see a PS3 price cut and the introduction of a new hardware SKU.
To quote: "The retail commentary I've seen has come out of the UK. I have not seen at US retail. We heard Japanese retail a few weeks ago say they weren't going to be getting any more PS3s after August 8, and now we're starting to hear UK retail say they cannot re-order PS3s until month-end. And that suggests there'll be a model change."
He added: "If Sony's practice is the same as it was in the past, and the Slim is more of a redesign of the components to drive down cost, then I think we will get a price cut."
Only a few days to go until Sony's GamesCom keynote address in Cologne next Tuesday... then we'll all know for certain.