Michael Pachter of Wedbush Morgan is one hell starter of an analyst when he's saying MTV bought the wrong company
or Gamestop is a good stock
, but he can also admit when he's wrong -- like he did with Bully
. Well, now Pachter adds his voice to the choir
that a PS3 price drop
is possible as early as this summer.
Speaking with GI.biz, Pachter says
, "It is possible that Sony's cost of production for the PS3 has declined to the point that the company may consider a hardware price cut some time this summer, and we may see a price cut for the PS2 before the holidays."
So, now Pachter has thrown his voice into the price drop echo chamber. Estimates for a PS3 price drop range in the $100 region. It hasn't been a pretty day for Sony
, so anything that could drive sales would be worth considering.