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Square president doesn't expect 'big impact' from PS3 price cut until 2010


Speaking to reporters on Wednesday, Square Enix president Yoichi Wada offered a reserved but hopeful response to Sony's recent PlayStation 3 redesign and accompanying price drop. "In terms of the impact (the PS3 cut) will have on this financial year's earnings, I don't think there will be a major difference," he told Reuters. "But I expect there to be a big impact from next year."

If that seems like oddly hesitant approval, it's because Square Enix has been oddly hesitant in producing PlayStation 3 content up until now, instead placing its eggs in other, distinctly portable baskets. The company's first big hit on Sony's console looks to be derived from its purchase of Eidos, which netted the critically acclaimed Batman: Arkham Asylum, and Final Fantasy XIII isn't due to arrive in Japan until the end of the year. While Square Enix has forecast a doubling in operating profit within the current fiscal year -- ending next March -- it seems prudent of Wada to hold off on financial celebration until the effects of a cheaper PlayStation become apparent and Final Fantasy XIII's reach extends beyond Japan.

[Via Edge Online]

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