PS3 price drop expected in April
Wedbush Morgan’s Michael Pachter is anticipating that Sony will cut the price of the PlayStation 3 to USD 299 in April this year, a move which will reignite sales of the console.
He’s also expecting Microsoft to announce a drop in price for the Xbox 360 Pro SKU to USD 249, probably at or before E3 in June – although no price change is expected for the Nintendo Wii.
But while a price cut is a more difficult decision to make in a tricky economic climate, he was quick to dismiss any notion that the market is set to contract in the coming year. READ FULL