In a recent interview with videogamer.com, Michael Pachter admitted that Sony and Nintendo made critical errors in keeping their pricing for too long. This comes shortly on the heels of a rumor that the PS3 will recieve a price drop today, Monday, August 10th. He blames the lack of a price drop on the recent decline in console sales.
“The Wii remains at its November 2006 launch price of $249.99, and the core PS3 SKU has not seen a price cut since October 2007. We think that the negative software trend is less attributable to a weak software line-up, and can only conclude that until consumers are sufficiently interested in buying consoles, it will be difficult for publishers alone to drive sales higher each month,” Pachter said.
Pachter continued to say, “…fortunately, we anticipate imminent price cuts to occur soon. Rumours of an imminent price cut by Sony and a console upgrade by Microsoft are rampant. One rumoured scenario includes clearing the 80Gb PS3 model to $249 from $399 and launching a new 120 Gb PS3 Slim for $299 and clearing the 60 Gb Xbox 360 Pro at $199 and re-pricing the 120 Gb Xbox 360 Elite at $249.”
The moral of the story? Never mess with the Pach-Man.
For the full interview, visit videogamer.com.