PlayStation 3 to Drop to $199 This Week, Predicts Pachter
The PlayStation 3 will come down in price later this week after the official PS4 reveal, predicts Wedbush Securities analyst Michael Pachter.
Speaking with GI International, Pachter stated that he expects the PlayStation 3 to drop to $199 on Feb. 21, and that Microsoft is likely to match that price on the Xbox 360 by E3 2013.
The PS4 is rumored to be more powerful than the next Xbox, and reports suggest a price tag of over $400, lower than the launch price of the PS3. Another report suggests that the PS4 will be backwards compatible with PS3 titles. We’ll know more for certain later this week.