Analysts Predict PS3 Price Drop
Posted by XanTium | 16-4-2007 10:54 EST
Despite reports that Sony may soon release encouraging profit forecasts, analysts are predicting a PlayStation 3 price cut before the end of the year.
According to a report based on findings printed in Japan's Nikkei newspaper, researchers from leading Japanese investment firm Nomura stated, "We think Sony will find it hard to get through the financial year without cutting the price of the console, and expect further game segment losses of over $1 billion during that period."
Nomura estimates that Sony has shifted half of the 6 million PS3s manufactured to date, and that along with a price cut, software releases are key to extending PS3s market reach.
Full Story: next-gen.bi