This could be good news for gamers looking to pick up a slightly less expensive toy!
Sony is under pressure from video-game publishers to cut the price of the PlayStation 3 console or risk seeing more development funds shift to Nintendo Co.’s Wii.
Sony, which has resisted calls for lower prices, is likely to shave $50 to $100 off the PS3 this month or next, said Mike Hickey, an analyst with Janco Partners Inc. in Greenwood Village, Colorado. Starting at $399.99, the PS3 is $200 more than the lowest-priced Xbox 360 from Microsoft Corp. and $150 more than the market-leading Wii.
Three years into the latest generation of game consoles, Sony is stuck in third place, data from the manufacturers show.
The Tokyo-based company, once the dominant player, has half the worldwide users of Wii, even though the PS3 has earned praise for its processing power, graphics and Blu-ray movie player. U.S. sales of the PS3 have declined for three straight months.
“If they can’t meaningfully increase their install base, then you will likely see a capital reallocation,” Hickey said.
Kinda makes me glad I held off ... Perhaps if I wait a little longer they'll be giving these away in boxes of cornflakes!
Source :
Sony Faces Heat From Game Publishers to Cut PS3 Price (Update2) - Bloomberg.com