Pachter "regrets" PSP Go "rip-off" comments

June 12th, 2009, 16:00 Posted By: wraggster

Industry analysts Michael Pachter has said he "sincerely regrets" saying Sony is "ripping off the consumer" with its $249 price point for PSP Go.

"I sincerely regret the choice of words ... where I said that Sony is "ripping off" the consumer by pricing the PSP Go at $249.99," he said.

"I made a poor choice of words, and I do NOT think that Sony is doing anything nefarious in choosing their pricing strategy," he added, going on to reason: "They have been subsidizing purchases of the PS3 since launch, to the tune of 22 million sold at a loss of $100 or more apiece (on average), so if they are able to make a profit on the PSP Go, more power to them.

"They are pricing at a point that positions the PSP Go competitively with the iPod Touch, and the PSP Go arguably has much more value than the Apple product. Notwithstanding my view that the price point is too high to generate more than a few million units sold, I really think my comment was unfair," he told Industry Gamers.

Pachter made the original offending statements during an interview earlier this week when he said: "[Sony are] ripping off the consumer until they sell a couple million and if consumers don't buy it then the price is going to come down."

http://www.computerandvideogames.com....php?id=217398

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