PS2's price slashed to $129 in April?
Chris Morris at CNNMoney covers the latest rumblings of an anticipated PS2 price drop. The console currentlyremains at $149 after Sony called Microsoft's bluff on the 360 launch; however, now that 360 consoles are finally hitting retail shelves -- and staying there -- it sounds like Sony is reconsidering dropping the price by the end of April.
Apparently they aren't considering anything as dramatic as a $99 price point, rather opting for a more conservative $129 figure, a $20 drop. Considering Sony has little trouble selling PS2s, the move might be in response to the presence of the PlayStation at E3. A quiet price cut will help keep the focus on the PS3 while continuing to undercut the competition. The big question now is: what will Microsoft do?
Morris speculates that instead of matching, Redmond might consider hitting $99, thereby undercutting Sony. He does, however, acknowledge that MS has been eager to leave this generation behind. We've even covered the increase in price of the original Xbox following the launch of the 360. Simply, if you have $100 to spend, they'd rather have you thinking about putting that money towards a console they hope to make a profit on than one that's proven to be ... well, costly.
[Thanks, striegs]
Update: Fixed embarassing math error, thus restoring peace to the blogosphere.
