Michael Pachter, an analyst with Wedbush Securities, believes that Sony is neglecting to announce availability of a 40GB PlayStation 3 in North America due to the fact there is still an ample supply of 60GB consoles waiting to be sold.
Speaking to Gamesindustry.biz, in light of multiple Internet sources claiming that a 40GB machine would arrive on November 2, Pachter stated: “These rolling announcements suggest to me that Sony has an inventory control problem, with too many unsold 60GB units out there, and they don't want to have to cut the price to clear them.”
Pachter speculated that the company will either hold off announcing a new SKU until the 60GB has been phased out, or simply "accept reality and bundle [the 60GB with] a game and an extra controller for USD 499.99, giving consumers some value for their money."
In doing so, Pachter believes that the PS3 sell-through rate would increase by as much as 50 per cent for every USD 100 in the price cut.
He also added that he feels the lack of PlayStation 2 backwards compatibility in the new model would do little to deter consumer interest, observing, "I don't think most people who waited this long care enough about backwards compatibility to affect their decision either way.”
Stay tuned to PSU for more news on a possible 40GB entry console for North America as it breaks.