Pachter: PS3 at $299 in April, XBox 360 Price Cut to Follow
Well known gaming industry analyst Michael Pachter believes that Sony will drop the price of the PlayStation 3 to $299 this April.
Pacther also indicated that Microsoft may further lower its price on the XBox 360.
To quote: Pachter, however, believes the $399 price point will finally come down to $299 in just a few months. Microsoft is likely to drop its price on the 360 as well.
"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. 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.
We expect Nintendo to maintain Wii pricing at $249 until the company sees signs that demand is slowing, which means a price cut may not happen until late in the year, if at all," Pachter said.
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I'd believe a $50 price drop, but $100 seems a bit too aggressive for Sony. It'd be nice to be proven wrong, though.
this is great, i'll be able to get another ps3 for my other tv