Wedbush Morgan Securities' Michael Pachter seems to think that a price drop is imminent for the PlayStation 3. GamesIndustry is reporting that the analyst expects the console to have its MSRP reduced to $199 on February 21st, the day following what is expected to be the reveal of Sony's next home console. He went on to speculate that Microsoft will perform a similar price drop on the Xbox 360 sometime before this year's Electronic Entertainment Expo in June.
I love it when analysts make firm declarations like this. If they turn out to be correct, they look like the smart guy in the room for a little bit. If they're wrong, there's absolutely no way to weasel out of having been wrong other than to admit it, reinforcing the entertaining premise that analysts are just guessing. Either way, I feel like I'm the winner.
Get more destructoid: We're indie-run, blogging for the love of it, and our site will always be free. Optionally, you can support us and get: (1) Faster pages from our cloud server (3) Wide(r)screen (3) No big ads on Dtoid, Japanator, Tomopop, or Flixist (4) Auto contest entries, and (5) Dibs on betas & downloads. Try it out
Unsavory comments? Please report harassment, spam, and hate speech to our moderators, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding *.disqus.com to your whitelists.