Slight chance for PSP price cut; PS2 to stay at $149

October 11th, 2005, 18:35 Posted By: wraggster

Sony isn’t likely to cut the price of its PlayStation 2 console in an attempt to trip Microsoft’s Xbox 360 launch, but there’s a “slight chance” that the PSP will drop from $249 to something a bit more reasonable as a result of slowing PSP sales, according to a research report by Shawn Milne and Todd Greenwald, analysts at Friedman, Billings, Ramsey & Co., Inc.

They write: “We do not expect a PS2 price cut due to solid sales at $149 and, perhaps, a price umbrella (due to the high price of Xbox 360 hardware and bundles). However, we believe there is a slight chance for a PSP price cut from $249, as sales have slowed somewhat and the Nintendo DS received a shot in the arm with the release of Nintendogs.”

Source - Joystiq

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