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Rumor: French Web site Reports a PS3 Price Cut and New Model 250°
July 31, 2009 // 9:04 am - Popular French Web site JeuxVideo (linked above) is reporting that they have received confirmation of a PS3 price cut to 299 Euros in early September.

Additionally, they have reaffirmed the rumor from two days ago in stating that a new, cheaper PS3 model (likely the long-awaited PS3...

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Pachter: PS3 Price Cut by October if Console Sales Keep Crashing 250°
July 13, 2009 // 10:50 pm - Wedbush Morgan analyst Michael Pachter has predicted that Sony will cut PS3's price before October 1, 2009 if US hardware sales continue to slide.

Speaking in a note today, Pachter estimated that US Wii, 360 and PS3 sales will show a year-on-year decline of 43 percent for June.

To quote: "We think that the console manufacturers will therefore be forced to consider a price cut before year-end, with Sony cutting the PS3's price by October 1," he...

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SCEA President on Price Cut: PlayStation 2.5 for $299, Not PS3 200°
July 8, 2009 // 7:52 am - During a recent interview, President of Sony Computer Entertainment America Jack Tretton reinforced Sony CEO Howard Stringer's views on a PS3 price cut.

To quote: "We could've come out with a PlayStation 2.5 for $299 or less, and in the first two or three years it would sell extremely well," he explains.

"But there...

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Sony CEO Howard Stringer Scoffs at PS3 Price Cut Rumors 250°
July 8, 2009 // 5:46 am - Despite top industry sources reporting that a PS3 price drop is coming, Sony's CEO Howard Stringer continues to brush brushed off concerns that the PlayStation 3 video game console is too expensive.

To quote: Stringer described recent comments about PlayStation's price by Robert Kotick, the CEO of video game publisher Activision Blizzard Inc, as standard...

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GameStop: PS3 Price Cut in 2009 is 'Highly Likely' 400°
June 22, 2009 // 9:24 pm - GameStop has revealed via IGN that it believes a PS3 price cut in 2009 is highly likely.

According to them, a Wii price cut is also expected this year.

To quote: Executives at major retailer GameStop have weighed in with their console predictions for the remainder of 2009, expecting both PlayStation and Wii to receive a meaningful price cut before the year is out.

That's according to a research note from analyst Arvind Bhatia of Sterne Agee, following a meeting with key GameStop executives.

As reported by Gamasutra, GameStop cites...

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PSW Magazine Rumors: PS3 Price Cut & PS3 Slim at TGS 2009 400°
June 19, 2009 // 11:04 pm - It appears the latest issue of PlayStation World Magazine reveals that both a PS3 price cut and the rumored PS3 Slim will both be announced at this year's Tokyo Game Show.

To quote: Expect the long-awaited price chop to be announced at the Tokyo Games Show.

This year the Tokyo Games Show will be held from September 24 to September 27 in the Makuhari Messe, in Chiba, Japan.

Sony could make this announcement a lot sooner now that Activision CEO, Bobby...

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Activision Threatens to Drop PS3 if Sony Doesn't Cut the Price 350°
June 19, 2009 // 11:03 pm - Activision CEO Bobby Kotick has threatened that the company may drop support for the PS3 console in 2010 and 2011 if things don't pick up for Sony's platform.

Apparently he wants a price cut now because the attach rate of games is very low.

To quote: "They have to cut the price, because if they don't, the attach rates [the number of games each console owner buys] are likely to slow. If we are being realistic, we might have to stop supporting Sony."

Ask when and he says: "When we look at 2010 and 2011, we might want to consider if we support...

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Ballmer Announces 2010 XBox 360 at The Executive Club Chicago 250°
June 18, 2009 // 10:16 pm - Microsoft CEO Steve Ballmer spoke at The Executive's Club of Chicago today, discussing "the role of innovation in changing economic times."

During his speech he addressed many economic issues, and touched on the importance of innovation. However, it was his Xbox announcement which has people excited.

To quote: Rumors can be confirmed, as Ballmer stated openly during a speech on the recession to those in attendance at the Executives Club in Chicago, a new Xbox 360 will hit the store shelves in 2010.

The new device will be equipped with technology...

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