Pachter: Xbox 360 and PlayStation 3 Price Cut in February

by William D'Angelo, posted on 20 January 2014 / 8,256 Views

Michael Pachter is claiming that if Microsoft and Sony don't drop the price of the Xbox 360 and PlayStation 3 immediately publishers will threaten to stop supporting the aging consoles this coming holiday.

Pachter spoke in the latest episode of GameTrailer's Bonus Round, which was transcribed by Dualshockers. He predicted that the Xbox 360 and PlayStation 3 will receive a price cut in February.

"I think the publishers are going to threaten the manufacturers, and they’re going to say 'cut the price of the PS3 and the Xbox 360, now,'" said Pachter. "So my bet is: February, price cut happening, because I actually think the publishers are gonna threaten to not support PS3 and 360 this Holiday…Holiday ’14, if they don’t see a price cut quick."

"The good news is: Microsoft can cut to 199 in a heart beat and won’t lose any money… I mean it’ll cost their profit. And Sony can do the same, they both have manufacturing down there, and I mean that’s great for consumers."

"There are still a hundred million Wii owners out there, probably three quarters of whom have never considered owning a PS3 or a Xbox 360. That’s a good opportunity for ten million or more of them to trade up, so that’ll be good."


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21 Comments

NobleTeam360
NobleTeam360 (on 20 January 2014)

Consoles are kind of expensive still for 8 year and 7 year old tech.

  • +5
DaAndy
DaAndy (on 20 January 2014)

much too expensive to be honest. When will the prices drop to 100€/US$ and when to 79€/US$? 2018?
The price just could have held soooo high because of the revisions and slims and bigger hdd and because the old models have been taken from the market.
I guess a PS3 20GB or X360 Core would cost something like 79,- now.
Now comparing the PS3 20GB to the newest PS3 500GB can never never never ever justify the difference from (guessed) 79,- to the real price ~250,-.
The PS3 still is as expensive as the Wii was at its launch - thats absolutely crazy.
Investing 50,- more makes Sony able to sell it at 150,- more.

And the worst thing - then people complain WiiU being too expensive... i dont get it.

  • 0
FujiokaMidori
FujiokaMidori (on 20 January 2014)

Yeah... I was thinking the same. I mean, for what they cost in comparison to XOne/PS4 they are starting to look really expensive, specially 360 with Kinect.

  • +1
pezus
pezus (on 20 January 2014)

Developers would threaten them? Lol, MS and Sony probably wish they make their games next-gen exclusive so I just say bring it.

  • +2
shikamaru317
shikamaru317 (on 20 January 2014)

I suspect the 360 will drop to about $150 for the 4GB model and $200 for the 250 GB model, while the PS3 will drop to about $180 for the 12 GB model and $230 for the 250GB model. Personally I'm waiting for the PS3 to drop to about $150 with a large hard drive before I get one.

  • +2
Michael-5
Michael-5 (on 21 January 2014)

Man, still waiting on a PS3? That's being cheap.

  • +1
DonFerrari
DonFerrari (on 20 January 2014)

Why people complain so much about the price of HW??? a console game like PS4 cost 400,00 which equate to less than 7 games... isn't SW a lot more expensive for what it offers?

  • +1
crissindahouse
crissindahouse (on 20 January 2014)

it's not as if developers would start in the next months to make games for holidays 2014. if they will cut the prices it's not to ensure games for holidays 2014. that isn't very logical in my opinion.

  • +1
KaosMike
KaosMike (on 20 January 2014)

Mr. Patcher may be right about a price cut, but he fails to mention that most major AAA games are in development more than 1 year, easily 2 years. The decision to stay on or drop a platform from a publisher's perspective does not make any sense financially while a project is already in motion - which invalidates his holiday 2014 comment. So that would only be true for a very few publishers/dev teams with short production cycles that negotiate exclusivity with MS/Sony for XB1/PS4 releases. The new gen user base after all will still be over shadowed by 'last gen' for some time to come. just my 2 cents

  • +1
mutantclown
mutantclown (on 20 January 2014)

All BIG games are announced already (like Destiny, Watch Dogs) and there are always the usual annual suspects like COD, Madden, Fifa, AC, etc etc ec, what world is Patcher living in?

  • +1
enrageorange
enrageorange (on 20 January 2014)

Both consoles are still getting the majority of the major titles releasing this year. A permanent $50 price cut along with a temporary $50-$75 price cut over the holidays will help both consoles continue chugging along this year.

  • +1
magoghm
magoghm (on 21 January 2014)

I don't know why, but I read this as "EA will threaten the manufacturers".

  • 0
tripenfall
tripenfall (on 21 January 2014)

I'm not sure Sony and Microsoft want gamers buying last gen consoles to "upgrade"

  • 0
solidpumar
solidpumar (on 21 January 2014)

"ten million or more of them to trade up" trade up from Wii , /Burn

  • 0
Michael-5
Michael-5 (on 21 January 2014)

Trade Up? 360 is older then Wii, and stop making good exclusives back in 2011...

  • 0
JazzB1987
JazzB1987 (on 20 January 2014)

Oh and just to let everyone know. Sony and MS can easily sell those consoles sub 100. PS3 is constantly on sale for around 130 in Germany (12gb model) and the 360 already was at 99. I myself got a 360 for 99 even before the first slim model was out. Got a slim for 111 bucks 2 years ago. They artificially keep the price high.

  • 0
JazzB1987
JazzB1987 (on 20 January 2014)

only 25% of Wii owners ever thought of buying a PS360? I am pretty sure more than 25% of them own a PS3 or 360 rofl.... Pachter at his best.

  • 0
greenmedic88
greenmedic88 (on 20 January 2014)

Pachter has the best job in the world: getting paid generously for making statements and assessments that are wrong over half the time.

  • 0
TurboElder
TurboElder (on 20 January 2014)

old gen sucks, let it die already!

  • 0
wolfofthepack
wolfofthepack (on 20 January 2014)

utter nonsense y would anybody stopping supporting it when that user base is still the biggest (ps3/360) ! anyhow patcher is paid to talk so talk away !

  • 0
Zod95
Zod95 (on 20 January 2014)

If Sony and Microsoft were companies free of debts, we could probably claim they could drop the price without losing money (only looking at manufacturing/logistics costs), but they aren't. At least Sony is in a critical financial situation and I doubt they would cut PS3's price and see their revenues decreased only to convince some 3rd party devs to continue supporting it. I counter-bet you, Pachter. Name your price ;)

  • 0
orniletter
orniletter (on 20 January 2014)

No price cut in february confirmed !

  • 0
PandaGames
PandaGames (on 20 January 2014)

If it drops to 50 euro for a PS3. You may call me a PS3 owner.

  • 0
mutantclown
mutantclown (on 20 January 2014)

I know I can call you a miserable pauper right now...

  • 0
pezus
pezus (on 20 January 2014)

That's never going to happen

  • 0
Patricia
Patricia (on 20 January 2014)

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  • -2