Mike Hickey, an analyst with Janco, says that a major price cut on the Playstation 3 could be on the way in the near, near future (like, in the next few days). Hickey claims that the price slash needs to be at least $100 to get the retail juice moving again, and that, failing that, Sony should expect to see its sales on the console continue to decline. We've heard predictions of a coming price reduction already (sure, they were from Microsoft, but whatever), and this wouldn't be a huge surprise, though we'll just have to wait and see. Hickey also speculates that Sony could hack the Blu-ray out of the PS3 in order to make that price cut doable, but that seems slightly wild to us. Then again, stranger things have happened.

[Via Joystiq]