80GB PS3 price drop for Christmas, reckons analyst

Sept 5, 2007

Industry analyst Michael Pachter reckons that Sony will take a knife to the price point of the 80GB PS3 in time for Christmas in the US, slashing off $100 to take it down to $499.

"We note that Sony recently acknowledged that it will no longer produce its 60GB PS3, 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 of Wedbush Morgan has stated.

Currently, the 80GB model retails at $599, and the 60GB model was cut to $499.

Pachter has predicted previously that Sony would cut the price of the 80GB PS3 down to $499 once the supply of 60GB units had run dry.

Reported onGamasutra (opens in new tab), Pachter also looked into next year and added that Sony could "again be in a position to cut the price of the PS3 in early 2008 when blockbuster games Grand Theft Auto IV and PS3 exclusive Metal Gear Solid 4 will launch."