THQ expects PS3 price cut later this year

  • Posted May 7th, 2009 at 09:50 EDT by Mike Harradence
  • 26 Comments

THQ CEO Brian Farrell has said that his company expects Sony to cut the price of PlayStation 3 at some point later this year.

Speaking during the company’s year-end earnings call last night, Farrell described Sony’s black behemoth as a “challenging” format, before adding he doesn’t anticipate a price drop at E3 next month.
 
“We’re not expecting a [PS3] price cut at E3, but we do expect one later in the year,” he said. “That’s just our guess… [and] not based on any knowledge from Sony.”

THQ announced a loss of $431 million for the 12 months ended March 2009, a substantial loss compared to the previous year’s $35.3 million.

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What are your thoughts?

  1. GhettoYou | ghettoyou

    • 9:59am BST - May 7th, 2009

    YAY! ;D Pitty I aldready bought mine some months ago :P

  2. SpyroViper

    • 10:29am BST - May 7th, 2009

     I predict THQ are going to support PS3 more..

     

    Nah, it won't happen lol!

  3. richkaos | richkaos

    • 10:37am BST - May 7th, 2009

    Well done Brian for stating the bleeding obvious, no wonder he is CEO with that kind of foresight

  4. higgos22

    • 10:53am BST - May 7th, 2009

    lol why do people from other companies say this i could say this and it would still probably be right, and 35 million is still one heck of a loss and 431million is crazy geese they have alot of money and yet they dont seem to be going into like bancrupcy if so i havnt herd anything about it, lot of money in the video game world

  5. ptmww3

    • 10:55am BST - May 7th, 2009

    "THQ announced a loss of $431 million for the 12 months ended March 2009, a substantial loss compared to the previous year’s $35.3 million"

    Because of PS3??? They put this because they losing money because of PS3?      &%*£ THQ  and whos this brian f*%& ? Mother or daddy of PS3?  Now STFU

     

  6. Jacksbak | Lovingit07

    • 11:16am BST - May 7th, 2009

    Shame i already have mine, and have done since 2007...i didnt mind paying £350 for it :D

  7. O_G_H

    • 11:39am BST - May 7th, 2009

    I guess it's possible, but unlkely.  I say new bundle for Christmas.  Same price, different games.  Maybe a 80GB "Home pack" with a free keypad or something...

  8. LunaTech

    • 11:54am BST - May 7th, 2009

    If I had a nickle for everytime someone called a price cut....

  9. O_G_H

    • 12:26pm BST - May 7th, 2009

    @8...you wouldn't need a price cut?  Lol.

  10. matilda_bbd

    • 12:26pm BST - May 7th, 2009

    ps3 games price cut instead!

  11. J1gs4w | d3v1ldr1v3r

    • 3:11pm BST - May 7th, 2009

    You know, everytime someone says this, nothing happens, did anyone consider shutting up for a year and seeing what happens?

  12. x_HAWX_x

    • 3:12pm BST - May 7th, 2009

    Uhm who cares ? Its just THQ ... I eman of course you will lose money by making junk like SMackdown vs Raw every f****** year !

  13. PsychoMantis | KuruptX

    • 3:43pm BST - May 7th, 2009

    This is what THQ and other devs want not what they know. Devs are to damn lazy anyway they will go make games for the 360 because its easier. The sad thing is they don't like a challege when making games they say they do but they don't so thats why the PS3 has had to struggle when it comes to some games. I know devs are on a time limit to get product out but STILL.

  14. Alpha2

    • 3:56pm BST - May 7th, 2009

    If people keep saying it eventually someoe will actually be RIGHT about it, untill then there've been like 15 guesses at PS3 price drops since it came out and all but one of them has been wrong!

  15. Kostchtchie

    • 4:02pm BST - May 7th, 2009

    think they need worry about there own sales lmao, and price is fine for ps3

  16. Death_TheKid | kratos700

    • 4:12pm BST - May 7th, 2009

    ok... now i see that half world expect a price cut on ps3 this year

  17. FPSgamer | niminum239

    • 5:16pm BST - May 7th, 2009

    Why does the Ps3 need a price drop? I know many people complain about the expense, but the Ps3 features a Blu-Ray drive, games, music, network, photos, psn store, free online, and trophies.

  18. Autobotkiller

    • 5:48pm BST - May 7th, 2009

    @17

    Seriously. I mean I don't get why the marketing department has not tackled the biggest diferences that separate the PS3 with the 360. I have both and I pay 40-50 bucks a year for Xbox live where PSN is totally free! I mean if I were a parent that would be the deal breaker in my mind(not to mention the blu-ray).

    Also the PS3 lets you back up your HDD where the xbox doesn't. You also can upgrade the PS3 HDD with a standard 2.5 drive without having some special microsoft coding.

    I'ts simple to see that the PS3 is more advanced and already a great value but they have a hard time getting that info to the common parent who is just comparing "prices of video games".

  19. pizzamonkio

    • 6:25pm BST - May 7th, 2009

    This just in- "Optimistic poor kid expects ps3 price cut this week!" lol . I like how the ps3 is expensive, it keeps out the riff-raff. If you cant afford one at the price now, how do you expect a 50 dollar price drop to affect this? Unless thats your entire kraft dinner and kool aid budget! lol

  20. graphixmaster | mcx

    • 7:50pm BST - May 7th, 2009

    I expect THQ to release a really bad licensed game on all platforms later this year... Thats just my guess.. and not based on any knowledge from THQ

  21. mortada

    • 11:12pm BST - May 7th, 2009

    wrong! it would be extremely stupid to do that,especially in 2009,i expect a ps3 price drop in Q2 2010

  22. sh3-rg | legoman-D

    • 11:48pm BST - May 7th, 2009

    I like 20s prediction better... got any more?

  23. A-HAAA

    • 1:21am BST - May 8th, 2009

    YOU HEAR THAT THAST THE SOUND OF LITTLE BABY DEVELPOERS  CRYING ABOUT A PRICE CUT HOW CUTE. STFU THQ YOU PRODUCE CRAP SO EVRYTHING YOU SAY IS CRAP. IT REALLY DOSENT MATTER WHAT YOU SAY BECASUE IT SI  NOT GOING TO CHANGE ANYTHING. ONE YOUR THQ QHAT GOOD GAMES HVE YOU MAD. 2 YOU HAVE NO RIGHT TO TALK YOU ARE NOT SONY ONLY THEY CAN PREDICT WHEN THERE WILL BE A PRICE CUT AND THREE. I COULD UNDERSTAND IF YOU WREER A WELL RESPECTED DEVOLOPER LIKE TAKE TWO AND ROCKSTAR BUT YOU ARE NOT YOU ARE THQ SO STFU

  24. xVxSMOKExVx

    • 5:02am BST - May 8th, 2009

    The only reason I will be happy about this is it will put sony over the top.  I got a 60 gig not too long after they came out so I spent my 600 bucks, and personally it was worth every penny.  Top of the line graphics, top of the line gameplay, Sony can't be beat.  Xbox can duck out of this gen and claim victory, but in the end on Sony's time (10 years) who will really have sold more really look at PS1/PS2.

  25. chomperbull

    • 7:09am BST - May 8th, 2009

    forget the price cut where do i get the white ps3??

  26. stovich | TasteLikeBurning

    • 7:18am BST - May 8th, 2009

    What I'd like to know is: Why hasn't anybody in the media been calling for a 360 elite price cut when the 80GB PS3 is exactly the same price? Even though the PS3 HDD size is smaller, it still outclasses the elite in features by a country mile (mainly wireless and HD drive). Yet not a single person pops off about ms still charging intro prices on an older & inferior product. How convenient.

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