Analyst: $100 PS3 price cut this August
- Posted June 9th, 2009 at 09:35 EDT by Mike Harradence
- 56 Comments
Arvind Bhatia, an analyst with Sterne Agee, has claimed that ‘industry sources’ are hinting at a PlayStation 3 price cut to coincide with the release of EA Sports’ latest Madden effort this August.
According to a note penned by Bhatia yesterday, Sony is planning on reducing the cost of its flagship games console by approximately $100:
“Industry sources indicate Sony is planning a $100 price cut on the PS3 in mid-August, just prior the launch of Madden (8/18) and the start of the back to school shopping season. This will naturally be a positive for the industry,” the note reads.
Providing the above information pans out, it appears we can expect a formal announcement at the Gamescom event in Cologne, Germany in mid-August. Until then, file this under rumor. Stay tuned.
Comments
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MrAce
- 5:02am EDT - June 9th, 2009
- 6
I might as well make a prediction and say, I doubt Sony will make a price cut just before school starts, perhaps in october ready for xmas, however they won't be as generous as $100, unless of course there is a PS3 slim and they want stores to rid of the excess socks of the original.
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Bostonmess
- 5:03am EDT - June 9th, 2009
- 7
I can't believe you report this almost every month. Sometimes more.
Last week it was getting one for E3 before that something else.
You might as well be telling people not to buy a PS3.
I'm not saying it's not getting one, but seriously, can't you see how this damages sales?
Playing into the hands of the competition.
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A_Ninja
- 5:30am EDT - June 9th, 2009
- 10
i dont think that sony will cut the price at August , if the they gonna cut the price the ideal time will be the holiday season (at the end of this year) & also i dont think that they gonna cut the price by 100 $ cause they still loosing money for selling the PS3 at the current price , if they going to cut the price it could be around 50 $ only .... i think so :)
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radgamer420
- 5:38am EDT - June 9th, 2009
- 11
Yawn. Yet another prediction of a price drop that wont come true. How many times have we heard this now?
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SolidDrake86
- 6:25am EDT - June 9th, 2009
- 15
I agree with whoever said these fake announcements of price drops are probably hurting PS3 sales. Who would buy one now thinking that it might drop $100 in a few months?
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blu-fighter
- 6:28am EDT - June 9th, 2009
- 16
I guess if people keep saying the same thing over and over again about a price cut someday they might be right!
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Smithy2306
- 6:30am EDT - June 9th, 2009
- 17
Wow another prediction. Last time I checked they predicted a price drop at E3 to happen and it didnt! Not holding my breath for this.
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blu3pillr3dpill
- 6:57am EDT - June 9th, 2009
- 19
wish these people would give up
It'll drop in price when it drops no worth in saying it'll be happening
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NitroMikeo
- 7:04am EDT - June 9th, 2009
- 20
They've been saying this for ever. And nothing has happend.
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PS3-The Ultimate Machine
- 8:02am EDT - June 9th, 2009
- 24
After all these rumours,this one better be true.
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J1gs4w
- 8:19am EDT - June 9th, 2009
- 25
I smell another bout of BS. I find it kind of funny how I hear friends and others talk about these supposed price drops, and how they will buy a PS3 if the price drops. When I ask if they will buy one anyway, I usually get the answer 'no'. I am starting to smell a scheme that Microsoft is hiring these supposed analysts, to predict these drops to hold future buyers at bay.
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Analyzer
- 8:26am EDT - June 9th, 2009
- 26
First it was drop on Killzone 2 release back on February 27th
Then it was supposed to happen during E3 last week
Now Mid August, before Madden is released.
I hope this last prediction turns out to be true, becasue many of my friends (including 360 only owners) are waiting for that magic price to go out and buy it.
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fleinn
- 9:27am EDT - June 9th, 2009
- 30
In other words: "Hold off on your PS3 purchase until March/August/October/Christmas/newyear/March/etc., folks! Because I, superior and anonymous analyst is predicting a ridiculous price- cut to a hardware kit worth more than the competitions' sku!".
Why are you even posting about it on this site?
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Sedated_Experiment
- 11:22am EDT - June 9th, 2009
- 35
Do we really need an article for every person that says a price reduction will happen?
It wont. Get over it. Its worth every cent and Sony would be ridiculous to drop the price.
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darthrazorback
- 11:38am EDT - June 9th, 2009
- 36
I know more than a few people who would run out and buy one for that price. However, we have been hearing about a price cut for so long that I will believe it when I see it.
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joeyjoejoeshababadoo
- 12:08pm EDT - June 9th, 2009
- 40
I don't want them to drop the price haha. Leave it as it is for now, I want my console to maintain its high price. Bought it for $500 2 years ago and I want it to stay at $500 for another year.
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GranTurismoOwnsPs3
- 3:17pm EDT - June 9th, 2009
- 45
This is stupid , if you cannot afford a Ps3 , then too bad for you , no one cares !
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aLterBridge
- 3:34pm EDT - June 9th, 2009
- 47
i'm sorry but 'industry sources' and 'hinting' don't exactly convince me,
anyway, what do I care, I bought a PS3 ages ago!
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markwesker
- 3:50pm EDT - June 9th, 2009
- 48
who cares,the price is cheaper then the 360 when u tot all the costs up and i just bought the infamous ps3 bundle off amazon,cheap as chips considering im getting blu ray player aswell . only fanboys say the 360 is cheaper.
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Sackman23
- 5:33pm EDT - June 9th, 2009
- 50
maybe this prediction is a little more valid than others in august with madden coming out i mean whether you like it or not madden is a big seller still. and if this promotes the system to sell better then great. but that being said it sets up for all the HUGH releases in late OCT and NOV. sony is smart to do it this time get the system reduced price out in AUG its starts to circulate and by NOV BAMM the world will see the greatness of Sony and all its great games. and in the end the world is back to being a playstation universe again! to be honest i can see it this time and it makes all the sense in the world this time around.
go sony.
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