Analyst Predicts Further PS3 Price Cut

Wedbush Morgan Securities analyst Edward Woo told Bloomberg Thursday he expects to see another PlayStation 3 price drop after the 60GB model has been phased out. Bloomberg spoke with Woo after confirming with Sony that the 60GB PS3 SKU would no longer be sold in the U.S. after the current inventory runs out. This makes manifest the remarks of SCEE president David Reeves shortly after the U.S. PS3 price rearrangement. Sony would not comment on the price drop, but told Bloomberg that supply of the 60GB PS3 SKUs would probably last through October. A price cut after the 60GB phase-out would seem likely, otherwise Sony's only price-point would be at $599. Though like the last "price cut" that finalized the phase-out of the 20GB model, the move isn't likely to bring the base price of any SKU below $499. The PS3's first price drops took place at the beginning of the month, with the 60GB SKU dropping to $499, and a new 80GB SKU with a copy of Motorstorm totaling $599.