ps3supersim-1348160693Wedbush Securities’ Michael Pachter thinks that we’ll be seeing a PlayStation 3 price drop in the near future.

In fact, he thought it would happen by February 21st, the day after the PlayStation 4 reveal, but that turned out not to be so. Still, he’s confident in saying that he thinks the PS3 will drop to $199 in the next week or so.

That price drop represents a pretty substantial cut of about $50, and will make it cheaper than a comparably-equipped Xbox 360 console which still runs for nearly $300.

We’re not sure the price drop will happen so soon. As we get closer to E3, we’ll probably see a drop to $229 or so, but $199 seems like a lofty price goal if the console is still selling as well as it is. With games like The Last of Us and God of War: Ascension about to launch, people who don’t have a PlayStation 3 have even more reason to get one, so a price drop might be unnecessary.

Sony also knows that their console is still the only one that supports Blu-Ray, and it is still being picked up as a Blu-Ray player for many homes. That alone puts the hardware slightly about the Xbox 360 at this time, even though the PlayStation 3 is currently cheaper (again, for a similarly-equipped unit. Xbox 360s with 4GB of storage need not apply).

We’ll see what happens in the coming days. If we do get a price announcement, it’ll be around mid-week by our estimation, as that’s how these things usually go, so expect to hear more in a few days, if we do indeed get news.

About The Author

Christopher Kalanderopoulos founded Eggplante in 2009 to cover one event in Los Angeles. It never occurred to him that it would make him the Editor of an online magazine for the next decade. He spends most of his time gaming, backing cool Kickstarter projects, and hanging out with his wicked cool nieces and nephews.

Related Posts

Leave a Reply

Your email address will not be published.