Analyst predicts 80GB PS3 price cut by Christmas

  • Posted September 5th, 2007 at 03:54 EDT by

As Sony’s PlayStation 3 60GB model begins to phase out at current retailers, Wedbush Morgan analyst Michael Pachter has forecast that the  80GB version will be reduced from USD 599 – 499 by the Christmas holiday season. 

"We note that Sony recently acknowledged that it will no longer produce its 60GB PS3," said Pachter, "and we expect the price of the 80Gb PS3 to be reduced to $499 before the holidays, maintaining a premium SKU at that price point." 

Pachter believes the drop of the 80GB model will further increase growth later in the fiscal year, also predicting a second price cut following the release of Grand Theft Auto IV and the PS3-exclusive title, Metal Gear Solid 4:Guns of the Patriots in 2008.

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