Analyst predicts PS3 price cut, again
- Posted May 14th, 2009 at 23:50 EDT by Adam Dolge
- 2,344 views
- 32 Comments
A Lazard Capital Markets analyst says given Sony's recent financial statements, we are likely to see a price cut for the PlayStation 3 in the near future. The "significant price cut," in the range of $100, could come sometime between E3 and the end of the summer, says analyst Colin Sebastian.
Sebastian says that as Sony is able to reduce PS3 costs, and as it projects a 30 percent increase in sales for fiscal year 2010, this summer is likely the best time for a price cut. The next 12 months are crucial for Sony to retain market share, especially with Nintendo losing ground, and Microsoft likely introducing a "gesture-based user interface," he says.
The standard 80GB PS3 retails for $399 and is currently the most expensive console. It is still one of the most affordable Blu-ray players, however.
Comments
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Centurion-Legion777 |
Centurion-Legion- 11:58pm BST - May 14th, 2009
- 2
i think they will have a price cut, the ps3 needs it for more sales but i dont really care since i already got mine on christmas :D
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circlethesky |
circlethesky- 12:26am BST - May 15th, 2009
- 8
what on earth are they waiting for ?
the profitability is probably sky high at the moment and will remain so even with a price cut. Reducing the price is only going to create far more revenue. -
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BlacJack
- 12:57am BST - May 15th, 2009
- 11
I like how analysts constantly "predict" events that are inevitable. Guess hat, consoles always drop in price after they've been out for a while. I could post on my blog once a month for a year saying "this is when the PS3 will have a price cut" too. I'm bound to be right sooner than later.
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1solidsnake |
solid1snake67- 1:16am BST - May 15th, 2009
- 13
299.99 i could almost get a 2nd system but, i would rather keep my ps3 60 gb.mine is worth the price i bought it for, i bought it in 2007 ,november . i love MGS 4 and it's the reason i bought a ps3, and i also have a fugly 360. it's not wrong to want to have more than one console, just not a wii!!!!!!
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coverton341 |
groovy341- 1:31am BST - May 15th, 2009
- 14
I am glad these guys keep making all these predictions about a price cut and hey sooner or later one of them is going to have to be correct....
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higgos22
- 1:32am BST - May 15th, 2009
- 15
@1 i dont regret it either but geese could they cut the price here in australia i dont think its gone down since i got mine altho i spose 1 yr mightnt bring a price cut, and i would recomend one before christmas time for well kind of obvious reasons and in japan do like a not small one before final fantasy 13 release, and maybe before gt5 release in rest of world
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radgamer420 |
mistercrow- 2:16am BST - May 15th, 2009
- 16
PS3 definitley needs a price cut of no less than 100 dollars
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Ivycrew707 |
- 3:02am BST - May 15th, 2009
- 19
i started thinking about this from a business stand point and if sony cuts the ps3 price, it will be cheaper than most of their stand alone blu-ray players...it would help ps3 sales but its gonna steal some of their market share in other areas
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Sonan |
Sonan- 6:26am BST - May 15th, 2009
- 24
I'm sure this won't happen. Ah well, I paid $500 exactly for my 80gb Motorstorm bundle (Wal-Mart discount card) and I loved it even back when the games weren't that great.
I would love to see more people get Playstations and a price cut, but it ain't happening.
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veyron |
bromic- 7:18am BST - May 15th, 2009
- 25
@ 17
But maybe they get lousy pay, so cant afford a PS3 ... so they do this "predict price cuts" to try provoke public outcry which will then pressure the supplier into lowering the price ?
Hmmm so here goes ...... From my analysis I predict 90% price cuts for Audi R8's (pllllllease) !
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richkaos |
richkaos- 11:48am BST - May 15th, 2009
- 27
A Lazard Capital Markets analyst says given Sony's recent financial statements, we are likely to see a price cut for the PlayStation 3 in the near future.
No way give this bloke a medal, he really must earn every penny he makes with predictions like this.
Its not a case of if, its a case of when! Its a consumer electrical product, and as with all consumer goods in this catagory they ALL eventually drop in price, so why the specualtion of "will it happen"?
And yeah $100 or £70 is about right, im predicting the UK price will be £229.99
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regissreg |
Zapp- 12:45pm BST - May 15th, 2009
- 28
I'm glad I bought my PS3 at launch date, especially when Since the 60gb launch PS3 has everything, 4 USB slots, memory card reader and it plays almost every PS1 & PS2 GAMES, but they do need to do a price cut. I have so many friends who are sick & tired of there 360 breaking down that they want to buy a PS3, but cant see themself spending that much money with the economy the way it is right now.
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hrashid124
- 3:47pm BST - May 15th, 2009
- 30
If I could afford a PS3, I'd definitely buy one. As it is, most of the games I want to play are cross platform. If the price was £200, I'd buy one today.
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joeyjoejoeshababadoo
- 2:22pm BST - May 17th, 2009
- 32
They've been predicting a price cut for 2 years now..
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