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2/2/2007

PS3 Price under evaluation

OMG can I finally afford PS3!?!?!

Sony Execs are telling AP that they are evaluating the price of the PS3 with a possible price reduction in the future! And the reason why for the price cut? Well, they seem to think that it’s because their sales haven’t met their expectations – so the solution? Sell it cheaper so more of the mass can afford it. Duh! Why didn’t they think of it earlier?? I would have gotten it.

This week, Sony announced that profits had fallen some 5.3 percent over last year in the company as a whole, with the games division suffering third-quarter losses of 54.2 billion yen (approx $455 million). Some had predicted that the company would suffer even greater losses. In a survey conducted by Bloomberg of five industry analysts, the median estimate was that the company would report a 50 percent loss.

Apparently, Sony has already cut the price of PS3 in Japan; from taking the 20GB version to 49,980 yen ($429), 10,000 yen ($85) less than previously slated. The move, however, backfired as some analyst slammed the price cut. I don’t know what’s there to bitch about…some poeple are so hard to please. Anyway, the company’s share took a little stumble after in Japan. Ouch.



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