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Pachter: $299 PS3 due in April, $249 360 in June

This is a discussion on Pachter: $299 PS3 due in April, $249 360 in June within the Video Games & Electronics forums, part of the Non Wrestling Forums category; Source: Gamespot Shortly after EEDAR's Jesse Divinch weighed in with his forecast of NPD Group's December game sales--expected this Thursday--another ...


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Old 01-14-2009, 11:01 PM   #1 (permalink)
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Pachter: $299 PS3 due in April, $249 360 in June

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Source: Gamespot
Shortly after EEDAR's Jesse Divinch weighed in with his forecast of NPD Group's December game sales--expected this Thursday--another game-industry wise man stepped up to the plate. Wedbush Morgan's oft-quoted Michael Pachter nearly concurs with his peer, predicting that more than 3.25 million Wiis were sold domestically during the month, followed by 1.35 million Xbox 360s and 750,000 PlayStation 3s.

Software-wise, Pachter thinks that December saw a 10 percent rise in monthly US software sales, from $2.39 billion in 2007 to $2.63 billion in 2009. He believes the top games of the month were (in no particular order) Guitar Hero World Tour, Call of Duty: World at War, Gears of War 2, Rock Band 2, Wii Fit, and Prince of Persia. Though the NPD numbers cover only console games, he also doffed his hat to the wildly popular PC expansion pack World of Warcraft: Wrath of the Lich King.

By the analyst's estimate, $2.42 billion of US game software sales were for the PS3, Wii, 360, PSP and DS, with the remaining $205 million coming from games for legacy systems. He thinks that PlayStation 2 game sales will continue to fall by roughly half each month, having slid 51 percent year-on-year in November and an estimated 54 percent year-on-year in December.

Although his comments on the PlayStation 2 were noteworthy, it's Pachter's predictions for the PlayStation 3 that will likely pique gamers' interest. The financial veteran believes that, after being relegated to third place in the console race by the 360's $199 price drop in September, the 80GB PS3 base model will be cut from $399 to $299 in April.

He also believes that, wishing to maintain momentum, Microsoft will follow suit, knocking $50 off of its 60GB 360 Pro model around the time of the 2009 Electronic Entertainment Expo, which runs from June 2-4. Pachter expects no price cut for the Wii until the holiday season--if there is one at all--due to still-record-high demand for the console.
Once again, I'm glad the consoles are more affordable now that the prices are dropping.

EDITED 9:09 PM CST: Someone plz change the thread title from June to September.
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Old 01-14-2009, 11:46 PM   #2 (permalink)
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Re: Pachter: $299 PS3 due in April, $249 360 in June

PS3 should just match Xboxs price. They are already losing sooo badly that it wouldn't hurt them, but probably would increase sales some. I understand why it was so high to start with, but still having it at 300 is pretty failhard. At least try it at the price and see what happens, then if it's doing worse (which I doubt it could) push up the price to w/e they want, which wouldn't make any sense, but they wouldn't care.
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Old 01-19-2009, 05:23 PM   #3 (permalink)
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Re: Pachter: $299 PS3 due in April, $249 360 in June

Quote:
PS3 should just match Xboxs price. They are already losing sooo badly that it wouldn't hurt them, but probably would increase sales some. I understand why it was so high to start with, but still having it at 300 is pretty failhard. At least try it at the price and see what happens, then if it's doing worse (which I doubt it could) push up the price to w/e they want, which wouldn't make any sense, but they wouldn't care.
The PS3 is an ok console but the price does hurt it alot. I remember when I went to a local mom and pop game store I wanted a PS2 but I saw its price and was like damn, I guess the xbox will do and it did good. The XBox did have better graphics then the PS2 and that is a fact!
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Old 01-19-2009, 05:28 PM   #4 (permalink)
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Re: Pachter: $299 PS3 due in April, $249 360 in June

Imo...lower game prices.
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