PS3 price cut alongside GTA IV

Thursday 9 August 2007
Industry analyst Michael Pachter thinks that the release of Metal Gear Solid 4 and Grand Theft Auto IV would be a prime window for a PS3 price cut.

"We do expect Sony to 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," Pachter said in a Tuesday note to investors.

In July, Sony dropped the price of the 60GB PS3 from $599 to $499, prompting a spike in sales. That price drop will apparently be short-lived as it will disappear once the current inventory of 60GB PS3s is depleted.

Above: Is this a screen from MotorStorm or just two people racing to get their hands on the new 80GB PS3?

The top-shelf PS3 on the market now is the 80GB model, whichhit the US on Monday as a bundle with MotorStorm.

Source:Next Generation