Analyst: PS3 sales boost to cause 360 price drop
The news is out. The Playstation 3 managed to best the Xbox 360 in sales during the month of May. Grab your favorite pillow and get ready for a shock, because EEDAR analyst Jesse Divnich expects last month's results to be the beginning of a new trend. On the sales victory, Divnich notes that the trend "will likely continue in June as we expect Metal Gear Solid 4 [to] act as a bigger catalyst in terms of driving PS3 hardware sales than did Grand Theft Auto IV." He adds further that exclusives on the Playstation 3 platform tend to drive console sales more than exclusives on the Xbox 360 (or the Wii).
With his PS3 prediction in tow, Divnich believes that Microsoft will respond by announcing a price cut for the Xbox 360 during next month's E3. Furthermore, Divnich believes Microsoft may also announce a new Xbox 360 model with new features (Blu-Ray, perhaps?). Should the price cut take place, Divnich expects Sony to follow suit within two months of the announcement.
[Via Joystiq]
