THQ expects PS3 price cut later this year

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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