Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[GameStop CEO reckons there 'will have to be price cuts' for Wii, PS3]]>http://www.joystiq.com/2009/05/22/gamestop-ceo-reckons-there-will-have-to-be-price-cuts-for-wii/http://www.joystiq.com/2009/05/22/gamestop-ceo-reckons-there-will-have-to-be-price-cuts-for-wii/http://www.joystiq.com/2009/05/22/gamestop-ceo-reckons-there-will-have-to-be-price-cuts-for-wii/#comments
Sitting atop his throne made with the profits from used games, GameStop CEO Daniel DeMatteo said in an investor call that he believes a price drop for the Wii and PS3 is due. Edge reports (echoing Seeking Alpha's transcript) that DeMatteo thinks, given the current economy, that console prices are too high. He believes that by the third quarter there need to be "price cuts in order to get the hardware moving" to where the company's projections expect them to be.

Dematteo had previously mentioned in a CNBC interview that he'd like to see a $100 cut for the PS3, the same figure that Lazard Capital's Colin Sebastian is expecting by fall. As for a Wii cut, Nintendo doesn't really need one, even as it cut manufacturing costs by 45 percent. If Nintendo does cut the price of the Wii, it would almost feel like charity.

JoystiqGameStop CEO reckons there 'will have to be price cuts' for Wii, PS3 originally appeared on Joystiq on Fri, 22 May 2009 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businessgamestopNintendoprice-cutprice-cutsprice-dropprice-dropsWiiFri, 22 May 2009 10:30:00 EST<![CDATA[Nintendo comments on Wii manufacturing costs, not planning price cut]]>http://www.joystiq.com/2009/04/08/nintendo-comments-on-wii-manufacturing-costs-not-planning-price-cut/http://www.joystiq.com/2009/04/08/nintendo-comments-on-wii-manufacturing-costs-not-planning-price-cut/http://www.joystiq.com/2009/04/08/nintendo-comments-on-wii-manufacturing-costs-not-planning-price-cut/#commentsFollowing Credit Suisse analyst Koya Tabata's estimation that Wii manufacturing costs are down 45 percent, Nintendo has come out from its corner swinging, ready to put down any and all speculation that a price cut for the console is due soon. In speaking to Edge, Nintendo said the depreciation of the U.S. dollar and British pound is also a factor, as from "launch in December 2006 to December 2008, the value of the pound fell by 43 percent against the yen," and, in the same period of time, the U.S. dollar and euro fell against the pound 22 and 18 percent, respectively.

Ed Barton, analyst for Screen Digest, thinks that if Nintendo is to cut the console's price, it could first happen in Japan if "supply has truly equaled demand." Barton points to Nintendo's next financial earnings report, where any and all reduction in manufacturing costs should be evidenced in the company's operating profits. Though trying to gauge an improvement in Nintendo profits is kind of like finding a giant needle in a stack full of giant needles.

JoystiqNintendo comments on Wii manufacturing costs, not planning price cut originally appeared on Joystiq on Wed, 08 Apr 2009 15:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>credit-suissekoya-tobataNintendoprice-cutprice-cut-wiiprice-cutsWiiWed, 08 Apr 2009 15:15:00 EST<![CDATA[Rumor: Microsoft gets more competitive next month]]>http://www.joystiq.com/2008/08/01/rumor-microsoft-gets-more-competitive-next-month/http://www.joystiq.com/2008/08/01/rumor-microsoft-gets-more-competitive-next-month/http://www.joystiq.com/2008/08/01/rumor-microsoft-gets-more-competitive-next-month/#commentsFiled under:



Let's face it: each console does something pretty well. The Xbox 360 has Xbox Live, which is a pretty good online service. The PS3 has a very comfortable controller and can do some sweet media stuff. The Wii has an innovative control scheme and No More Heroes. Each console is great in their own way and this current generation's console war has been fun to watch. Now that consoles are getting older, prices are falling and we're anxious to see how the rest of this struggle for market dominance will play out. If this rumor turns out to be true, the Xbox 360 will be the cheapest console on the market, besting the Wii by $50.

Both the Xbox 360 "Arcade" bundle and the "Pro" bundle are supposedly getting their prices slashed. The "Arcade" is apparently dropping from $279 down to $199, while the "Pro" will drop from $349 down to $299. This might come as good news to the Xbox camp, but, should this happen, we wonder how this could affect the sales moving forward.

Could this drive Nintendo to cut the price of the Wii? We doubt it. With the console doing so well, we don't think Nintendo is looking to their competition to determine when they should slash their own console's price. But, if this price drop does spur a big increase in Xbox 360 sales and people start buying less Wiis, we wouldn't be surprised if Nintendo announced a price drop on our around the holidays later this year. What do you all think?

[Via GamePro]

JoystiqRumor: Microsoft gets more competitive next month originally appeared on Joystiq on Fri, 01 Aug 2008 18:29:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businessmicrosoftprice-cutprice-cutssalessalesfiguresxboxxbox-360Fri, 01 Aug 2008 18:29:00 EST<![CDATA[360 gets Euro price drop this Friday]]>http://www.joystiq.com/2008/03/10/360-gets-euro-price-drop-this-friday/http://www.joystiq.com/2008/03/10/360-gets-euro-price-drop-this-friday/http://www.joystiq.com/2008/03/10/360-gets-euro-price-drop-this-friday/#commentsFiled under:


We brought you rumors of it last week, but now it's been confirmed by Microsoft that the Xbox 360 will be receiving across-the-board price cuts this Friday, making the Arcade version of the console cheaper than the Wii. Straight from Major Nelson (along with our own exchanges into U.S. dollars) here's how it shakes out:
  • Xbox 360 Arcade - was €269.99 / £199.99 ($414) now €199.99 / £159.99 ($307)
  • Xbox 360 Pro - was: €349.99 / £249.99 ($536) now: €269.99 / £199.99 ($414)
  • Xbox 360 Elite - was: €449.99 / £299.99 ($691) now: €369.99 / £259.99 ($566)
If you'd like to see how that compares industry-wide, the Wii will cost you € 234 ($356) on Amazon's UK site, while the 40GB PS3 is €370 ($563). Now we'd like to hear from our European friends: If you haven't bought a 360, is this enough to motivate you to do it?

Joystiq360 gets Euro price drop this Friday originally appeared on Joystiq on Mon, 10 Mar 2008 11:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BreakingNewseuropemajor-nelsonprice-cutspricecutsxbox-360Mon, 10 Mar 2008 11:15:00 EST<![CDATA[Rumor: Xbox 360 to get 50 Euro price cut March 14]]>http://www.joystiq.com/2008/03/05/rumor-xbox-360-to-get-50-euro-price-cut-march-14/http://www.joystiq.com/2008/03/05/rumor-xbox-360-to-get-50-euro-price-cut-march-14/http://www.joystiq.com/2008/03/05/rumor-xbox-360-to-get-50-euro-price-cut-march-14/#commentsFiled under:


Possible good news for our European friends this morning, as Tech Radar is reporting that Xbox 360s will be getting an across-the-board 50 Euro price cut on every SKU on March 14. Their information, while not confirmed by Microsoft, reportedly comes from "numerous well-placed games industry sources," and has been corroborated with European retailers.

That would bring the price of a 360 to € 250 ($380) and the Arcade pack to around €197 ($300). As a basis for comparison, the Wii is available for around € 234 ($356) on Amazon's UK site, while the 40GB PS3 comes in at €370 ($563). While not necessarily a great sign for how the 360's faring across the pond, it's at least good news for our European friends who've still yet to see what the whole Halo 3 craze is about.

We'll let you know if we hear anything more definite.

JoystiqRumor: Xbox 360 to get 50 Euro price cut March 14 originally appeared on Joystiq on Wed, 05 Mar 2008 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>europeprice-cutsxbox-360Wed, 05 Mar 2008 09:30:00 EST