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GameStop predicts $50 price drop on Xbox 360 and PS3 photo

Yesterday we told you how games retailer GameStop is rolling in cash this year, and how they predict that the rest of the year would be even bigger for them. They're estimating that total sales will be up 25 percent, even with a couple of console price drops.

Their estimates actually figure in price drops of $50 for both the PS3 and the Xbox 360 some time this year. 

GameStop COO Dan DeMatteo said in a conference call, "Our guidance continues to assume the hardware price cut we talked about at the very beginning of the year, assuming there is about a $50 price cut on both the [Xbox 360] and PS3 going into the holiday season." 

Maybe all of these rumors, leaks and hardware revisions will finally pan out this holiday.

[Via Gamespot]








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Dale North is Destructoid's Editor-In-Chief, a founding editor, and specialist in Japanese gaming. An accomplished musician, Dale was reporting from Japan during the earthquakes of 2011. Luckily, he got the fuck out alive and is home in America now with his wife and beloved corgi, Einstein. Dale is also a co-founder of Destructoid's sister anime site Japanator. Likes Corgis, Sega Saturn, PSP, iPhone, Photographic tools. Meet the rest of the team



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20 comments | showing # 1 to 20
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Cheeburga's Avatar - Comment posted on 08/22/2008 20:56
Cheeburga
Oh gamestop. The store I dread might be my new work place. :[
eternalplayer2345's Avatar - Comment posted on 08/22/2008 21:02
eternalplayer2345
Meanwhile Nintendo raises the wii $50 as part of their new "you'll buy anything from us" campaign.
AlexanderJ's Avatar - Comment posted on 08/22/2008 21:02
AlexanderJ
^^ Yup, I work there too. And we all knew about this "rumor" for about a good month at the store now.
Danmartigan's Avatar - Comment posted on 08/22/2008 21:14
Danmartigan
shit man what do you drive? A star destroyer?
GrayFox's Avatar - Comment posted on 08/22/2008 21:24
GrayFox
PS3 getting more and more enticing to this fella.
covah's Avatar - Comment posted on 08/22/2008 21:34
covah
I hope the price cut is right before LBP, cus that's when I'm buying my PS3.

My luck will be the week afterwards.
Wexx's Avatar - Comment posted on 08/22/2008 21:36
Wexx
Do want xbox price drop, do not want gamestop.
MatCD's Avatar - Comment posted on 08/22/2008 21:50
MatCD
or you could get 3 and a 1/3 Braids
king3vbo's Avatar - Comment posted on 08/22/2008 22:44
king3vbo
You forgot 2 bottles of ICE 101
F Whipple's Avatar - Comment posted on 08/22/2008 23:10
F Whipple
most importantly...50 items off the dollar menu (plus tax)
chaos591's Avatar - Comment posted on 08/22/2008 23:13
chaos591
Aww...I thought It was for PS3 and 360 games not hardware...$60 bucks for one game is killing me. too many good games I will be forced to ignore due to lack of dough:(
Red Monkey's Avatar - Comment posted on 08/23/2008 00:27
Red Monkey
Wow, Two bottles of Jack really cost that much? Damn..
LividChihuahua's Avatar - Comment posted on 08/23/2008 01:54
LividChihuahua
Thank you M$ for 2 bottles of jeck... err... I mean one of jack and one of vodka. Now all you have to do is start pumping out those non RRODing system and I'll buy 1... I can still mod it right?
Too Much Coffee Man's Avatar - Comment posted on 08/23/2008 01:57
Too Much Coffee Man
GameStop trying to take credit for predictions which have been prevalent since last year to boost their stockworthyness. Surprise surprise.
Fangeh's Avatar - Comment posted on 08/23/2008 02:28
Fangeh
360 price drop has been possibly already confirmed, and Sony just stated there won't be a price drop on the PS3 this year:

http://kotaku.com/5040101/radio-shack-confirms-360-price-cuts
http://kotaku.com/5040791/david-reeves-no-ps3-price-cuts-in-2008-ok
Sharpless's Avatar - Comment posted on 08/23/2008 03:41
Sharpless
Um, yeah, what's the deal with this? We already know that there's a coming price-drop, as Fangeh posted. It's showing up in circulars already. I'm not sure who's slower, GameStop or Dtoid, here. ;)
Sharpless's Avatar - Comment posted on 08/23/2008 03:45
Sharpless
Actually, now that I re-read the article (sigh), I realize that Dale linked to the Radio- (LOL, almost typed "Radiohead") RadioShack circular story. What I'm now stupified by is why the "leak" is treated here as something that we should be uncertain about. It's happening, no doubt about it.
TUoAnonymous's Avatar - Comment posted on 08/23/2008 06:19
TUoAnonymous
@ LividChihuahua - I work in a UK Games retailer, I've not seen a RROD for about two months now. However we've had almost 70% of all the PS3's we've sold back now as they've stopped reading disks - even with patching.

Also, new hardware (Just prior to 60gig and onwards) has a small yellow cable inside it that means you can only change the firmware once - in other words, no modding.
TrailerParkJesus's Avatar - Comment posted on 08/23/2008 18:37
TrailerParkJesus
I predict more price drops after these price drops, until the next set of consoles, which will have price drops as well after a while.
Holyetheline's Avatar - Comment posted on 08/24/2008 09:34
Holyetheline
I will buy another 360 when an acceptable price drop comes along.
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