PS3 at $299 in April, Xbox 360 Price Cut to Follow

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  • rawdog805
    MVP
    • Dec 2002
    • 2788

    #1

    PS3 at $299 in April, Xbox 360 Price Cut to Follow

    GameDaily

    Wedbush Morgan Securities analyst Michael Pachter has issued his NPD preview report ahead of this week's data release, and similar to EEDAR, he sees Nintendo dominating. In fact, Pachter believes that Nintendo sold 3.25 million Wiis compared to EEDAR's forecast of 3.2 million. He also predicts sales of 2.6 million DS handhelds, 1.35 million Xbox 360s and 750K PS3s.

    Overall, Pachter thinks hardware unit sell-through will be up 13 percent to 9.15 million and software sales will climb 10 percent to $2.625 billion.

    Most industry pundits would tell you that the PlayStation 3 has been trailing the competition largely because of its hefty price tag. Pachter, however, believes the $399 price point will finally come down to $299 in just a few months. Microsoft is likely to drop its price on the 360 as well.

    "Once the PS3 is at a more affordable price point (we expect a cut to $299 in April), we think that sales of that device will once again begin to grow. We expect another cut in price for the Xbox 360, with the feature-laden Pro model likely to come down in price to $249 at or before this year's E3 show in June. We expect Nintendo to maintain Wii pricing at $249 until the company sees signs that demand is slowing, which means a price cut may not happen until late in the year, if at all," Pachter said.
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  • slickdtc
    Grayscale
    • Aug 2004
    • 17125

    #2
    Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

    They would cut it a few months after I finally cave in and get one.
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    And how does one levy a check that will result in only a slight concussion? Do they set their shoulder-pads to 'stun'?

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    • rawdog805
      MVP
      • Dec 2002
      • 2788

      #3
      Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

      LOL... I ended up snagging both of the PS3 in my house for $279 a pop brand new from ebay after 30% cashback...
      PSN: duFFleBaG_rAn_

      XBox One GT: rawdog805

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      • 23
        yellow
        • Sep 2002
        • 66469

        #4
        Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

        Wonder if I can take back my 40 gig and get a new 80 gig with my warranty


        Anyone have an idea if this would work? I got it from walmart

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        • ExtremeGamer
          Extra Life 11/3/18
          • Jul 2002
          • 35299

          #5
          Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

          Originally posted by 23
          Wonder if I can take back my 40 gig and get a new 80 gig with my warranty


          Anyone have an idea if this would work? I got it from walmart
          Walmart takes everything back if you have a warranty there. You could take your PS3, stick in your bath tub filled with water, and go back up and then get a new one. LOL

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          • bcruise
            Hall Of Fame
            • Mar 2004
            • 23274

            #6
            Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

            That's not an official statement, just an analyst's opinion (Pachter). But whenever that does come it'll be long overdue.

            Comment

            • fishepa
              I'm Ron F'n Swanson!
              • Feb 2003
              • 18989

              #7
              Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

              Originally posted by 23
              Wonder if I can take back my 40 gig and get a new 80 gig with my warranty


              Anyone have an idea if this would work? I got it from walmart
              I did that with my 40 gig at Best Buy. Doubled my hard drive space for free.

              Comment

              • 23
                yellow
                • Sep 2002
                • 66469

                #8
                Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                I think I'll be heading to Walmart in a few months

                Comment

                • J0nnD0ugh
                  Hall Of Fame
                  • Feb 2003
                  • 16602

                  #9
                  Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                  Glad I still haven't bought a next-gen console.
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                  • bkfount
                    All Star
                    • Oct 2004
                    • 8467

                    #10
                    Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                    I don't get why Sony would drop the price in April when they could have done it this holiday. Now rumors of a price drop are going to float out there and make people hold off for a few months.

                    I'll probably pick one up after a price drop though.

                    Comment

                    • 23
                      yellow
                      • Sep 2002
                      • 66469

                      #11
                      Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                      This rumor although without the amount was out there last month.

                      I could've saved Sony plenty of money and been their consultant at a hefty price to tell them they needed to do this long ago.

                      They're slow as rocks

                      Comment

                      • Altimus
                        Chelsea, Assemble!
                        • Nov 2004
                        • 27283

                        #12
                        Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                        Originally posted by 23
                        This rumor although without the amount was out there last month.

                        I could've saved Sony plenty of money and been their consultant at a hefty price to tell them they needed to do this long ago.

                        They're slow as rocks
                        Why?

                        Even though they needed a price cut, they couldn't do it; it just didn't make sense.

                        They were on the market for a year shorter compared to the 360, factor in their hardware cost almost $1000 to make.

                        Comment

                        • RedheadKingpin
                          Banned
                          • Jan 2009
                          • 594

                          #13
                          Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                          Originally posted by slickdtc
                          They would cut it a few months after I finally cave in and get one.
                          Yeah,that's usually how it works

                          Comment

                          • 23
                            yellow
                            • Sep 2002
                            • 66469

                            #14
                            Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                            Originally posted by Altimus
                            Why?

                            Even though they needed a price cut, they couldn't do it; it just didn't make sense.

                            They were on the market for a year shorter compared to the 360, factor in their hardware cost almost $1000 to make.
                            Check the sales figures

                            Check their standings

                            Check the economy

                            Check them backtracking on the price now

                            All they needed was a simple nex gen machine, but they put bumbling idiots like Kenny K. in the forefront and he botched it.

                            Comment

                            • Misfit
                              All Star
                              • Mar 2003
                              • 5766

                              #15
                              Re: PS3 at $299 in April, Xbox 360 Price Cut to Follow

                              Originally posted by 23
                              Check the sales figures

                              Check their standings

                              Check the economy

                              Check them backtracking on the price now

                              All they needed was a simple nex gen machine, but they put bumbling idiots like Kenny K. in the forefront and he botched it.
                              They won their format war and Blu Ray continues to gain in market share each quarter. As much as we all care about games, Sony's main goal was to establish Blu Ray with the PS3 which is why we didn't get a "simple" console and have had to endure this obnoxious cost.

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