More Reviews
REVIEWS Godzilla (PS4) Review
Godzilla fans enjoyed the recent film, but will they feel the same way about the new video game?

Rocket League Review
I had to force myself to stop playing the game to write this.
More Previews
PREVIEWS Sid Meier's Civilization: Beyond Preview
Fans were mad about Beyond Earth. Rising Tide should fix that.
Release Dates
NEW RELEASES Stick 'Em Up 2: Paper Adventures
Release date: Out Now

BlazBlue: Chrono Phantasma EXTEND
Release date: Out Now

Lost Dimension
Release date: Out Now

Goat Simulator
Release date: 08/11/15


LATEST FEATURES PC Gamers: A Look at Whether or Not You Should Upgrade to Windows 10
You have a big decision to make, and we'll make it easier for you.

Rocket League Promotes eSports for Everyone
Rocket League is officially an eSports game, but that doesn't mean everyone can't compete and have fun.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oblivion437 Update: I was unfortunately not aware of Shamus Young's severe criticism of Fallout 3 available here to link in the original piece and I regret that.  It dovetails rather nicely with what I've written and it's much better executed than my piece.  I strongly recommend anyone...

GAMING NEWS

Pachter: Sony Will Announce PS3 Price Drop To $199 At PS4 Reveal

Posted on Saturday, February 16 @ 09:28:17 Eastern by Jonathan_Leack

$599 $199 U.S. Dollars.

The PlayStation 4 is expected to be announced in just four days, and that means that not only is there finally something to look forward to, but the appeal of current hardware will quickly fade. In order to combat the possible decline in demand, Wedbush Securities analyst Michael Pachter told GamesIndustry International that Sony is very likely to cut the price of the PlayStation 3 during the February 20th presentation. He doesn't expect it to be a mild price cut, either. He states that it will for its first time ever hit the golden price of $199.

Sony has had a history of lowering its prices during the fall season to further increase consumer interest going into the holiday season. However, with a PlayStation 4 confidently expected to debut later this year, Sony may be looking to ride momentum for the duration of 2013. It would help tremendously in combating Nintendo's latest console which has garnered a lion's portion of the spotlight since it debuted only four months ago. For once, it will also help battle the Xbox 360's Arcade Bundle which has been Microsoft's trojan horse into the casual market for years.

The Xbox 360 and Wii found their way to the $199 price point much earlier in their lifecycle, and even then the PlayStation 3 has already managed to outsell the Xbox 360 worldwide. At $199 families who were previously not interested will have reason to consider one of the most cost-effective media solutions on the market. As we've seen in the past from hardware that has become available for under $200, the sales can shoot to record levels and at that rate secure the 10 year lifecycle that Sony has been aiming for.
Tags:   PlayStation 3, Sony
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution