Analyst Predicts Holiday Price Cuts for PS3, 360

by Chris Faylor, May 20, 2008 1:38pm PDT

Related Topics – xbox 360, PlayStation 3, Hardware Sales

Speaking at today's Electronic Gaming Summit, oft-cited Wedbush Morgan Securities analyst Michael Pachter expressed his belief that the PlayStation 3 and Xbox 360 will both undergo $50 price cuts by this holiday season.

At present, the Xbox 360 Arcade unit sells for $280, with the Premium edition priced at $350 and the Elite version going for $450. The 40GB and 80GB models of the PlayStation 3 respectively carry an asking price of $400 and $500.

Both Microsoft and Sony have recently commented on hopes that their respective systems will enjoy extended life cycles.

According to a Kotaku report, Pachter further predicted that the overall U.S. games industry will grow 19% this year, but that the growth in subsequent years will slow until hardware is introduced.

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Comments

7 Threads | 16 Comments

#6

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By: Ajax x Show Full Post

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I'm still waiting for the XBOX 360 Arcade SKU to die.

May 20, 2008 1:54pm PDT

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I'm still waiting for the XBOX 360 Arcade SKU to die. : Ajax
Thread Truncated. Click to see all 7 replies.
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  the system could do so much more if developers were able to take full advantage of the hard drive. im sup... : syn0r
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    They can and do. They just have to plan for it not to be there. The fact is the majority of 360s have har... : Fred Garvin
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      Your comment doesn't jive with what I've heard from every developer friend I've talked to that has worked... : theflux
      
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      Hahahaha, like you have friends let alone developer friends. : Fred Garvin
      
      Also, my point is that they plan for both and can take advantage of the HDD if it's there or are you cont... : Fred Garvin
- I'm waiting for the Arcade to hit $199, I'll be dancing in the streets the day that happens I can tell yo... : Endymion_

#3

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By: Fred Garvin x Show Full Post

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One word makes me disregard any information in this post. Pachter. If there ever was a sphincter in the game world that let loose droplets of shit it's him.

May 20, 2008 1:47pm PDT

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One word makes me disregard any information in this post. Pachter. If there ever was a sphincter in the g... : Fred Garvin
Thread Truncated. Click to see all 2 replies.
- Funny, I was just thinking exactly the same thing. Except not about Patcher... : theflux

#11

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By: jarek99 x Show Full Post

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they say this shit every year

May 20, 2008 5:07pm PDT

they say this shit every year : jarek99

#9

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By: deceiver x Show Full Post

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The price cut is already in place with the fall of the dollar.. the xbox = 4 tanks of gas, and the ps3 = 5 tanks. in comparison with launch prices of 7 tanks of gas(2005 prices) for the xbox and 8 for the ps3(2006 prices).. it's a jim dandy of a price already.

May 20, 2008 3:40pm PDT

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The price cut is already in place with the fall of the dollar.. the xbox = 4 tanks of gas, and the ps3 = ... : deceiver
Thread Truncated. Click to see all 2 replies.
- Increase in gas prices does not equal cheaper consoles. Just means gas got more expensive. Unless eve... : carbontree

#5

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By: Murdoc. x Show Full Post

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Kotaku is a rag and Patcher is right maybe 40% of the time. I'll believe it when I see it or if it's reported by more crediable sources.

May 20, 2008 1:52pm PDT

Kotaku is a rag and Patcher is right maybe 40% of the time. I'll believe it when I see it or if it's repo... : Murdoc.

#4

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By: dantastic x Show Full Post

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i'll be looking for a Bluray player by then i guess. PS3 or the fabled microsoft drive?

May 20, 2008 1:49pm PDT

i'll be looking for a Bluray player by then i guess. PS3 or the fabled microsoft drive? : dantastic

#1

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By: Prozium x Show Full Post

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The PS3 models are $400 and $500.

May 20, 2008 1:44pm PDT

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The PS3 models are $400 and $500. : Prozium
Thread Truncated. Click to see all 2 replies.
- Correct you are. Thanks. : Chris Faylor

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