Analyst Prediction of $399 for an 80 GB PS3 by April 2008
There would be quite the incentive for Sony to drop the price of their console by $200. Everyone would want one.
But is it going to happen by April of next year? What a difference seven months makes.
“We think that Sony’s recent announcement of an IPO for its financial services unit (with an estimated $3 billion in proceeds) could forebode another PS3 price cut early next year,” Michael Pachter, Analyst with Wedbush Morgan, said in an investor note issued today. “We believe that the company is interested in subsidizing sales of the console in order to stabilize its market share in the games market and grow its lead in the high-definition DVD market.”
Obviously, the severe price cut would put it in direct competition with the other consoles, and might even end up bringing down the entire cost of consoles across the board, given Microsoft’s reaction to the PS3′s last price drop.
Metal Gear, anyone?