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Pachter: Sony will cut PS3 price by October photo

You know what we haven't written about yet? A PS3 price cut! That is quite a new and interesting subject to talk about, isn't it? Even better, it's a PS3 price cut story that involves Michael Pachter, so you just know it's going to be fun and frolics. The Wedbush Morgan analyst has declared that Sony will see a price cut by October, whether we like it or not.

"We think that the console manufacturers will therefore be forced to consider a price cut before year-end, with Sony cutting the PS3’s price by October 1," claims the man who looks a bit like Egon from Ghostbusters. "Further, we do not think that Nintendo’s hardware forecast figures are achievable without a price cut, and we expect one around the same time as the PS3 price cut.

"It is likely both manufacturers will cut by $50, with Sony making up any lack of increased demand with a software bundle. We expect Microsoft to follow suit, giving us confidence that US software sales will grow later in the year, notwithstanding negative sales in the early part of the year."

You may now chip in with your "how does this man still have a job?" comments as soon as you're ready, folks!








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Jim Sterling serves as reviews editor for Destructoid.com, head of the Podtoid podcast, and produces a number of news stories, original features, one-of-a-kind videos. With his passionate argumentative style, controversial opinions, harsh delivery, and dedication to brutal honesty Sterling is a name that you can't help but recognize. Likes PS2, iPod Touch, Silent Hill 2, Metal Gear Solid, Dynasty Warriors 3 Meet the rest of the team



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28 comments | showing # 1 to 28
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Andrew Kauz's Avatar - Comment posted on 07/13/2009 10:03
Andrew Kauz
Here's what I propose. Let's say that I bid "October 2." If the price isn't cut by October 1, I think I should take over Pachter's job. That seems fair, right?

So, how 'bout it, Pachy? Feelin' lucky?
Maurice Tan's Avatar - Comment posted on 07/13/2009 10:03
Maurice Tan
In b4: how an you bundle a PS3 with games when it has none!
Nicojay2's Avatar - Comment posted on 07/13/2009 10:04
Nicojay2
What if Michael Pachter was one of us?
Just a slob like one of us
Just a stranger on the bus
Trying to make his way home.
Overcow's Avatar - Comment posted on 07/13/2009 10:07
Overcow
I'd like to see a cut on Pachter.
DF's Avatar - Comment posted on 07/13/2009 10:10
DF
Handily enough, Professor Pew's current avatar is quite fitting for this situation. =P
Jonathan Ross's Avatar - Comment posted on 07/13/2009 10:11
Jonathan Ross
I think this is now the fourth or fifth time he's moved his prediction date for a PS3 price cut. (He does this about every two or three months, and has been doing it since the beginning of 2008.)

EVENTUALLY he has to get it right.
randombullseye's Avatar - Comment posted on 07/13/2009 10:15
randombullseye
But Yojimbo told everyone to shut up. Why didn't he listen? NO MORE WIRE HANGERS.
CelicaCrazed's Avatar - Comment posted on 07/13/2009 10:15
CelicaCrazed
@ Nicojay

Dude, Pachter doesn't exist. He is just some made-up idea people bring up when they can't explain why video game sales are the way they are. If sales deviate from expected paths, people always cite Pachter as to why it happened. I'm getting tired of all these spreadsheet-thumpers.

^_^
Sexualchocolate's Avatar - Comment posted on 07/13/2009 10:18
Sexualchocolate
He should put his money where his mouth is.

Jim, you should just start copying and pasting these posts, I audibly sigh when i see "Pachter" "Price" and "Cut" in the header. Can't we label them with something so they can be easily ignored?

If I go to the bookies and put a bet on that "at some point, eventually someone will win something" do you reckon I'd get good odds?
Mr Wrighty 987's Avatar - Comment posted on 07/13/2009 10:18
Mr Wrighty 987
Im too lazy to do the research but has anything this twat said come true?
Chronic Logic's Avatar - Comment posted on 07/13/2009 10:18
Chronic Logic
Sony cutting the PS3 price?! It'll be a cold day in hell before that happens.
GoldenGamerXero's Avatar - Comment posted on 07/13/2009 10:24
GoldenGamerXero
@ Sexualchocolate

He's been asking for a PS3 price cut for years. He has no money
Da Druminator's Avatar - Comment posted on 07/13/2009 10:28
Da Druminator
His predictions are starting to get annoying.
ChainThrow's Avatar - Comment posted on 07/13/2009 10:38
ChainThrow
I reckon Nintendo will sit on a Wii price cut, disappointing sales or no. They're doing well regardless, and a well-time cut is the best option they have for totally sinking Microsoft's attempt to move into their expanded market.

And this is like the laziest prediction ever. "Sony will cut prices for the Christmas release period" is a pretty safe idea to be peddling.
Solozaur's Avatar - Comment posted on 07/13/2009 10:46
Solozaur
I think people should stop pushing them for a price cut, i bet that they have plans to cut the price for the winter holly days but now if they do it it will look like they did it to cool things down.
HiddenAHB's Avatar - Comment posted on 07/13/2009 10:50
HiddenAHB
That's it, i lost my faith in analysts.
For good this time.
wadawoodo's Avatar - Comment posted on 07/13/2009 10:51
wadawoodo
Pachter has the best fucking job! he's the Nostradamus of the video game industry just throwing shit around and seeing if it will stick and when 1 shit out of 400 sticks he shouts I TOLD YOU SO. I wish I had that job just chatting to Geoff Keighley all day.
CALkulon's Avatar - Comment posted on 07/13/2009 10:51
CALkulon
Can't we just stop talking about this guy already?
Takeshi's Avatar - Comment posted on 07/13/2009 10:54
Takeshi
Pachter says it. So it must be true!
Black Nexus's Avatar - Comment posted on 07/13/2009 10:54
Black Nexus
This just in, some old bearded guy made patcher swallow a katana, he was pronouced dead on the scene, no clues to the attackers identity at this time.
Sean Carey's Avatar - Comment posted on 07/13/2009 10:58
Sean Carey
"Shut down all the garbage com-Pachters on the detention level!!!!"
Jack Maverick's Avatar - Comment posted on 07/13/2009 11:03
Jack Maverick
I can imagine Egon saying something like that. I can also imagine Peter Venkman being like Kaz Hirai, acting all laid back, and saying something regarding how Sony has nothing to worry about. And the Stay-Puft Marshmallow Man is Activision.
DV2FOX's Avatar - Comment posted on 07/13/2009 11:39
DV2FOX
The question is...WHO THE FUCK IS JIM STERLING? XD
Kaden101's Avatar - Comment posted on 07/13/2009 11:53
Kaden101
This again, & again, & again, & again, &....

There's a problem with all this media attention for a PS3 price cut. It'll be like everything Sony. It's hyped to the point of buggery, & no matter how good or spectacular the end result is,, it'll be an anticlimax, It just won't quite be enough to keep people happy, & the cycle will then start again, The media will just latch onto something else anti Sony. After all, the media are still harping on that the PS3 doesn't have any must have exclusives. Cough:uncharted, cough:MGS4, cough:KZ2, cough:Infamous.

oh, & Pachters a fat arse who couldn't predict his way out of an open room if it had giant neon green arrows pointing to the doorway. What a plum.
ikiryou's Avatar - Comment posted on 07/13/2009 13:23
ikiryou
Wedbush Morgan just keeps Pachter around for laughs, don't they? They probably also place flaming bags of doggie doo in his trashcan at lunchtime and giggle like 8th graders when he says "I'm an analyst...".
Drauglim's Avatar - Comment posted on 07/13/2009 21:41
Drauglim
The only other prediction that is a bigger waste of time is predicting the world will end. Why predict that the world will end, you will either cause a riot or just look like an ass when it doesn't (or both)?
hpv's Avatar - Comment posted on 07/14/2009 01:30
hpv
I'd say September is the time to do it. Especially if the ever growing rumors of a PS3 Slim are to be believed. There's almost no way Sony will exit 2010 at $399, though they could very well have a second SKU at that price. If they don't cut the price in September it'll be mid-November.

Make sure to give me credit when I'm right and forget I said anything if I'm not.
LikeaRollingStone's Avatar - Comment posted on 07/14/2009 08:28
LikeaRollingStone
I love this guy. Watch the Bonus Round on gametrailers.com to see his true genius.
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