Lazard Capital analyst Colin Sebastian believes a price cut for the PS3 is unlikely this year. He states that Sony management is focused on achieving profitability in the PlayStation division and that a PS3 price cut won't happen in the near term.
Sony expects to sell 10 million PS3s this year, doubling the global number of systems stationed on our little big planet. With the HD movie war in the bag and an increase in HD television adoption, it's not unreasonable to assume the PS3 being people's go-to movie player. As this blogger's mother put it, "Why would I @$%&ing pay for a basic Blu-ray player when I can get a PS3 for the same price? I want to play my Final Fantasy. When is my Final Fantasy coming out?"
Reader Comments (65)
Posted: May 15th 2008 11:43AM sabeerkibria said
Unfortunately for you, there are a lot of big games that are coming out that are bug. There's Resistance 2, Valkyria Chronicles, Killzone 2, Final Fantasy XIII and Versus, Gran Turismo 5, along with others. Just like how Xbox 360 sold a majority of their consoles last year with their heavy hitters, Halo 3 etc., its safe to assume that the majority of the PS3's heavy hitters have yet to come and are distributed throughout the next 2 years. Excluding Gears 2, there is almost nothing left that is particularly exciting on the X360 front that isn't coming to PS3.
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Posted: May 15th 2008 11:51AM Tez said
The MGS4 bundle is essentially a sub-$400 80gb system. Doesn't that kind of count as a price cut?
Posted: May 15th 2008 12:28PM (Unverified) said
I think the first post nailed it: "most gamers...just want a solid game system with a respectable library of games."
399 was the price for the 360 at launch, with shitty hardware, no free multiplayer, no real AAA exclusive until Gears (almost one year away, and that too an incomplete version of the PC title) and just 4-5 really good games overall for 18 months until mid-07
Compare that versus the PS3 now (even if you totally ignore the Blu-ray) and its an awesome deal.
Of course at launch it was another matter - 599, with a feeble library, and enormous negative publicity. Selling 8-9 million on that in the first year was impressive.
But I would still say that a cut to 299 just before christmas is a must - simply because the 360 is likely to cut another 50 by that time.
399 was the price for the 360 at launch, with shitty hardware, no free multiplayer, no real AAA exclusive until Gears (almost one year away, and that too an incomplete version of the PC title) and just 4-5 really good games overall for 18 months until mid-07
Compare that versus the PS3 now (even if you totally ignore the Blu-ray) and its an awesome deal.
Of course at launch it was another matter - 599, with a feeble library, and enormous negative publicity. Selling 8-9 million on that in the first year was impressive.
But I would still say that a cut to 299 just before christmas is a must - simply because the 360 is likely to cut another 50 by that time.
Posted: May 15th 2008 1:11PM (Unverified) said
But it's all relative. If the PS3 was this price at the 360's launch then it would have been a "good deal". But now you can get a 360 or Wii with many games for the same price and that's what the public is going to see.
A decade ago the PS3 would have been the best thing on the planet but it's up against todays products.
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A decade ago the PS3 would have been the best thing on the planet but it's up against todays products.
Posted: May 15th 2008 12:29PM AwesomeTown said
You can count me as one of the folk that'll pick up a ps3 this year. $399 is worth it IMHO. It's the only current system I don't have, and there are definitely games I want to play.
Posted: May 15th 2008 12:34PM Jacksons said
Blu-ray players are still $399. Expecting a further price cut on the PS3 is completely unreasonable.
Posted: May 15th 2008 2:50PM Drakkor said
they should make the price cut to 300$ around the time Little Big Planet comes out, its a family friendly fun loving platformer, which should draw in a lot of "casual" players, people who don't care about wifi or hi def necessarily, and 300$ will be easy for them to swallow
Posted: May 15th 2008 3:06PM JMWTech said
Thats too bad that the price isn't dropping, cause that's one way I'd buy one. The other way is if they finally come out with more than a few exclusive games that I would play. I have the money, it's just not worth it to me at this point.
Posted: May 15th 2008 3:07PM JMWTech said
Thats too bad that the price isn't dropping, cause that's one way I'd buy one. The other way is if they finally come out with more than a few exclusive games that I would play. I have the money, it's just not worth it to me at this point.
Posted: May 15th 2008 4:29PM Lekko said
Sony really should have gimped the system to make it cheap, then charged for every little tiny add-on like rechargeable battery packs, wi-fi, HD player, and made PSN a charge-based system.
They would have made soooo much more money that way instead of having all your costs up front.
They would have made soooo much more money that way instead of having all your costs up front.
Posted: May 15th 2008 6:44PM (Unverified) said
I call BS, I'm pretty sure they'll be a price cut by Christmas. It would be the prefect move...
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