Analyst Predicts Holiday Price Cuts for PS3, 360
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.
"The price cut is already in place with the fall of the dollar.. the xbox = 4 tanks of gas, and th..."16 Comments
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