Janco Partners analyst says PS3 price cut announcement is coming


$5 off rabies is not a good deal. However, a $299 PS3 is a good deal, and if Janco Partners' Mike Hickey has anything to do with it, we might just get our hands on that deal sooner than later. In a recent note to investors, Hickey stated that Sony needs to cut the price of the console by $100, and without the price cut the console may remain sitting on shelves waiting to be purchased. More on that:

"Recent channel checks indicate increased speculation for a PS3 price cut announcement from Sony in the next couple of days ... we think the company needs to reduce the current price by USD 100 to effectively restart unit velocity at retail. We believe the market is expecting a PS3 price cut in April or by June at the latest."

Hickey also says there is talk of a PS3 without the BluRay drive, although this presents the issue that current games would not be compatible with it. With what I get out of my PS3, I feel it's worth whatI paid for it, but I can't deny $299 sounds a whole lot better both on the ears and the wallet. Would you snap one up at that price?

[Via GamesIndustry.biz]

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Colette Bennett
Colette Bennett   gamer profile

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Filed under... #Industry Bull #PS3



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