Famed industry analyst Michael Pachter (he was just on Bonus Round) says that he expects to see a PS3 price drop next year, right beforeGrand Theft Auto IVandMetal Gear Solid 4are released.
“We do expect Sony to be in a position to cut the price of the PS3 in early 2008, when blockbuster games Grand Theft AutoIV and PS3 exclusive Metal Gear Solid 4 will launch,” he offered.
As for this year, Pachter expects a price drop for the PlayStation 2.
“Although we do not expect another PS3 price cut this year, we think a price cut for the PS2 is possible,” said Pachter in his latest note to investors. “Any hardware price reduction could serve as a catalyst for sales growth later in the year.”
Another PS2 drop would be a strong move. There’s still plenty of strong titles lined up for the system this year, and after this many years you’d think they’d be able to get it down to $100 or so.
Don’t take Pachter’s word as the ultimate truth. He says a lot, and some of it makes sense, but he’s proved time and time again that he’s not always right. Keep in mind that he’s VH1’sIdiot of the Weekfor this very reason.
[ViaGamesIndustry]
