PlayStation 3

Also known as: PS3, PS Triple
Summary | » News | Previews | Features | Cheats | Guides | Screenshots | Videos | Comments |FeedRSS

Console prices to drop at Christmas?

Analyst expects 360 and PS3 to shed $50 for holiday shopping season

Words: Next Generation
0 Comments
Email this article
Bookmark
Email this Article
Close

Wedbush Morgan analyst Michael Pachter expects both the Xbox 360 and PS3 to shed $50 for the holiday shopping season, according to reports on his speech at the Electronic Gaming Summit.

Originally reported by Kotaku, Pachter also said that even with the price drops it would still be difficult to match last year's Christmas sales numbers.

While Pachter is reported as expecting 19% industry growth in the US and 20% in Europe this year, that number will dip to 16% and 18% respectively in the following year unless each console drops another $100 off its price tag.

Further price reductions would have to occur in 2010 to stop growth from declining to 10% and 7% in each respective market.

Unless a new console is released, Pachter expects industry growth to become flat by 2011.

Courtesy of Next Generation.

May 21, 2008

 
Latest Videos
This video player requires Flash 9 Player or later. Please download the latest Flash Player.
» More videos
Latest Screenshots
PS3 - PlayStation 3 - Screenshot
PS3 - PlayStation 3 - Screenshot
PS3 - PlayStation 3 - Screenshot
PS3 - PlayStation 3 - Screenshot
» More screenshots
The Knowledge

PlayStation 3

Expected release date: November 2006
Published by: Sony
Developed by: Sony
Designer: Ken Kutaragi
Latest Articles About This Game
Holy crap! Golden Joysticks breezes past 600,000...
Big numbers. Big prizes. Big stupid if you don't vote
PS3 News  -  Oct 2, 2008
Reminder: Vote in the Golden Joystick Awards NOW!
Do the right thing and stand up for the games you love. You could win nifty prizes
PS3 News  -  Sep 26, 2008
GamerBlips highlights best of video game blogs
Wouldn't it be cool if you could see all of your favorite sites in one spot?
PS3 News  -  Sep 25, 2008
CVG gets a shiny new relaunch!
Rejoice, as GamesRadar's sister-site officially joins the network and gets a tasty overhaul to boot
PS3 News  -  Sep 10, 2008
When Peter Moore said "F*** you" to Yuji Naka
EA Sports boss recalls losing his rag with Sonic creator
PS3 News  -  Sep 5, 2008