Pachter: PS3 price drop in ’08, PS2 this holiday

Famed industry analyst Michael Pachter (he was just on Bonus Round) says that he expects to see a PS3 price drop next year, right before Grand Theft Auto IV and Metal Gear Solid 4 are released.

“We do expect Sony to be in a position to cut the price of the PS3 in early 2008, when blockbuster games Grand Theft Auto IV and PS3 exclusive Metal Gear Solid 4 will launch,” he offered.

As for this year, Pachter expects a price drop for the PlayStation 2.

“Although we do not expect another PS3 price cut this year, we think a price cut for the PS2 is possible,” said Pachter in his latest note to investors. “Any hardware price reduction could serve as a catalyst for sales growth later in the year.”

Another PS2 drop would be a strong move. There’s still plenty of strong titles lined up for the system this year, and after this many years you’d think they’d be able to get it down to $100 or so. 

Don’t take Pachter’s word as the ultimate truth. He says a lot, and some of it makes sense,  but he’s proved time and time again that he’s not always right. Keep in mind that he’s VH1’s Idiot of the Week for this very reason.

[Via GamesIndustry]

Dale North