Another PS2 price drop coming soon?

August 8th, 2007, 04:28 Posted By: JKKDARK

via AfterDown

Michael Pachter, one of the video game industry's leading analysts has predicted that there will be a PlayStation 2 price drop coming before the holiday season and another price drop for the PlayStation 3 alongside the release of GTA IV and MGS4 in 2008.

"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."

"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 added.

The PS2 is still the most played console, by far, but it is sometimes forgotten in the shadows of the "next gen" consoles. A price drop on the system should be great for sales and continue to push the system to new customers.

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