Pachter: PlayStation 3 Price Cut Likely This Week - News

by William D'Angelo , posted on 18 February 2013 / 8,156 Views

Wedbush Morgan analyst Michael Pachter spoke with GamesIndustry International. He expects Sony to drop the price of the PlayStation 3 to $199 on Thursday February 21. This is the day after Sony is expected to unveil the PlayStation 4 in an event in New York City.

Pachter also expects Microsoft to follow suit by this year's E3 in dropping the price of the Xbox 360.

Sony announced earlier today that it is cutting the price of its handheld, the PlayStation Vita, on February 28th in Japan. The price for both the WiFi and 3G will both be priced at 19,980 Yen.

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Ganoncrotch (on 18 February 2013)

Seriously doubt they would cut the price of both their products in the same week, for two reasons 1 they want to focus some attention on the psvita with this price cut, they know the dangers of 2 competing offers for the same gamers money, only ones who lose from this type of competition are Sony. and 2. Patcher said it, and I personally wouldn't believe him if he said tomorrow was Tuesday.

theprof00 (on 18 February 2013)

price cut is jp only

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Michael-5 (on 18 February 2013)

It's likely going to be heading to North America and Europe as well. I mean Japan gets a price cut only 2 days before Sony's Press Conference?

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Ganoncrotch (on 19 February 2013)

Yeah prof I would say there is no doubt that the price cut for the Vita will go global, if not just to stop people in NA and EU feeling like they're paying 50euros more for the vita just because of their region, Sony wanna get rid of any reason why people would Not pick one up.

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BaldrSkies (on 18 February 2013)

People still pay attention to Pachter?

Michael-5 (on 18 February 2013)

It's funny :-)

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fedfed (on 19 February 2013)

If I say teh same can I have a bit of it's salary? WHo the hell pays for his food? this man just says thinks anyone can guess. really PS4 announce and PS3 price cut... shocking!

Ganoncrotch (on 19 February 2013)

Haha yeah indeed, in other news this food which was going out of date 3 weeks ago is going to hit an all time low in price next week!

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Kazus (on 19 February 2013)

I don't believe Patcher but he may be right for once in his life. If PS4 is getting announced, they might drop the PS3 prices slightly (not too drastically yet).

pezus (on 19 February 2013)

Nah, I think they'll wait for E3 or Gamescom, brother.

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SwansVanTerif (on 19 February 2013)

If he says it, it's not going to happen. Besides, Sony is in financial trouble, and I think they need to sell at least some of their hardware at a profit right now.

Miguel_Zorro (on 18 February 2013)

Wow, the PS3 is already at almost 50% market share even when the Wii U is included. With a price cut, it's going to be extremely dominant.

scottie (on 18 February 2013)

I agree with ganon, PS4 will be released at a loss, I would imagine Vita will be sold at a loss thanks to the new price cut. Sony will want to squueze every bit of money they can out of the PS3 before they are forced to price cut.

ps3-sales! (on 18 February 2013)


NobleTeam360 (on 18 February 2013)

Wow tell me MS will actually drop the price of the 360? When was the last time that happened.

NightDragon83 (on 18 February 2013)

It's been selling great at the current price points / bundles for the last couple of years, so no need to fix what ain't broken. It took the Wii like 3 years before it received its first price cut because it was selling so well.

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Michael-5 (on 18 February 2013)

I doubt they will announce a PS3 price cut on the same week they announce a PSV price cut. That would take the needed spotlight off PSV. However if there is a likely price cut by fall, and If PS4 isn't backward compatible, I guess I'm getting a replacement PS3 this fall. Was sold for $199 last Boxing Day/Black Friday, maybe I can pick one up for <$150? I could probably expand my collection for around $200 (UC3, InF2, ToX, ToG2, WKC2, Beyond, TLoU). :-D I'm not leaving the 7th gen any time soon.

sepisfu (on 18 February 2013)

they just announced the god of war bundle will be 350 so are they gonna change that

MARCUSDJACKSON (on 18 February 2013)

i've already expected that. to bad it will be the price of Vita.

binary solo (on 18 February 2013)

No, PS3 is selling well enough so keep current margins until at least the end of the june Q. Then cut PS3 price 2 months before PS4 launch

Comments below voting threshold

Psyberius (on 18 February 2013)

360 at 159-179 would be a nice way to crush Sony.

baph7667 (on 18 February 2013)

Not unless the 360 for 159 to 179 has a lot more than 4g of storage.

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platformmaster918 (on 18 February 2013)

If PS3 went to $200 the price differential would still be less than it is now. A $20 drop won't do much as Wii's drop from $150 to $130 showed this holiday.

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