Pachter predicts PS3 price drop to $299 in April
We were so hopeful that PS3 would get a price drop this year. But no. Michael Pachter, analyst at Wedbush Morgan, had to "predict" a PS3 drop in April. Drats, we were looking forward to this one too. Unfortunately, with Pachter's track record, it's pretty good to bet that he'll be wrong.
"Once the PS3 is at a more affordable price point (we expect a cut to $299 in April), we think that sales of that device will once again begin to grow," he states. However, don't expect Microsoft to take that sitting down. "We expect another cut in price for the Xbox 360, with the feature-laden Pro model likely to come down in price to $249 at or before this year's E3 show in June." Nintendo, however, has no reason to lower its price and will unlikely drop the price of the bestselling Wii.
Pachter is right once in a while, so we're optimistic that a price drop will happen. Perhaps it won't be as significant as $100 off, or perhaps it won't happen in April. It'll be interesting to see what Sony chooses in '09: their bottom line, or making a more aggressive attack in the console wars.
