Sony may consider PS3 price cut this summer - Pachter

May 16th, 2007, 01:03 Posted By: wraggster

via gibiz

Wedbush Morgan analyst Michael Pachter has stated that Sony could offer a PlayStation 3 price cut as early as this summer, due to a decrease in manufacturing costs.

The analyst also expects that Sony's PlayStation 2 will be the lead platform for a number of high profile game releases over the next four months, with last-gen software outselling the latest releases for big budget machines.

"It is possible that Sony's cost of production for the PS3 has declined to the point that the company may consider a hardware price cut some time this summer, and we may see a price cut for the PS2 before the holidays," commented Pachter.

"Either of these could serve as a catalyst for sales growth later in the year."

Movie tie-ins will be leading software sales over the coming months, according to Pachter, allowing publishers to reap the benefits of the PlayStation 2's massive user base.

"Over the next four months, we expect the PS2 versions of Spider-Man 3, Shrek the Third, Ratatouille, Transformers and Harry Potter and the Order of the Phoenix to sell more units than on any other platforms," detailed Pachter.

The analyst also published his predictions for hardware and software sales for the month of April.

Sales are expected to be up 24 per cent to USD 489 million, with the PlayStation 3 selling 100,000 units compared to the Nintendo Wii's 300,000.

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