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October 21st, 2007, 16:56 Posted By: wraggster
With Sony's decision to drop the price of the Playstation 3 to a far more affordable level, I believe the company will enjoy a significant surge in sales this holiday season. And while I have some issues with the upcoming catalog of games (it's a bit weak), it's strong enough to justify people spending their cash on the device.
As I mentioned above, the Wii will have a strong holiday season. Along those lines, the Wii will probably be sold out for much of the season and people will be standing in line once again. And for all of those who weren't able to pick up a Wii, the Playstation 3 will be the next logical choice.
Think about it: you're standing in line for a Wii and you're told it's sold out. Knowing all too well that your kids want a new video game console, the affordable Playstation 3 is sitting there for the taking. So, in a rush to get holiday shopping over with, you ask for the Sony console.
Now, will all Sony sales end up this way? Not a chance. In fact, you can probably expect a significant growth in sales from the price drop alone. But it certainly won't hurt that the Wii will be sold out again and the PS3 will not, will it?
Sony made the right move because, well, it had to at this point. Expect to see Sony surging in the numbers.
Overall Sony Playstation 3 outlook: moderate to strong
http://blogs.cnet.com/8301-13506_1-9800502-17.html
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