News > Pachter Predicting 80GB Price Cuts
July 16, 2007
Analyst Michael Pachter believes that Sony isn't through "cutting" prices. After the current clearance sale of the 60GB PS3 is over, and all units have sold, he expects the 80GB model to take its place at the $499 price point.
"In our view, the Sony entry level price of USD 499 is here to stay. We believe that there are presently 2 – 3 million 60GB PS3's produced and not yet sold, and expect the entire supply to be diverted to the US to honour the new lower price point. Once these units are sold through, we expect the company to lower the price of its 80GB model to USD 499 on a standalone basis."
Furthermore, Pachter thinks that the price will be slashed even further in 2008. "We expect the USD 499 price cut to be maintained until early next year, when the 80GB model will likely be cut again to USD 399," he said.
Is this just wishful thinking?
*Eddie R Inzauto - Senior Editor, GameWad.com
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