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Michael Pachter talks upcoming PlayStation price cuts

Posted on October 31st, 2007 at 18:01 EDT

Wedbush Morgan analyst Michael Pachter has gained a fair bit of respect from us over the last year or so, and for good reason. He has been right on a lot of his claims, and generally close to correct on rest.

When speaking about hardware and software sales throughout 2007 and into 2008, Pachter speculated that Sony would lower the cost of it's aging PlayStation 2 early next year.

“Sony announced a SingStar PS2 bundle for $149, and will likely cut the price for the PS2 at the beginning of next year (note that Sony recently raised its forecast for PS2 sales by 2 million this year, ending March 31, 2008)."

We expect the magic $99.99 price point for Sony's seven year old console.

Regarding the current generation, Pachter also thinks we'll be seeing another PlayStation 3 price cut in the Spring.

“We expect a further price cut for the PS3 in the spring, when blockbuster games Grand Theft Auto IV and PS3 exclusives Metal Gear Solid 4, Little Big Planet and Gran Turismo 5 will launch."

We'll have solid news regarding PlayStation price cuts when they occur.

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What are your thoughts?
posted 6:08pm EDT - October 31st, 2007
1

I dont believe anything that dooshbag says. I hope people are not actually putting any money on this guys "analysis" because he has been dead wrong on some key things.

posted 6:13pm EDT - October 31st, 2007
2

close to correct? you mean guessing and got lucky lol

posted 6:16pm EDT - October 31st, 2007
3

respected LMAO hes a moron.

posted 6:23pm EDT - October 31st, 2007
4

i think the ps3 is to cheap, for all that it offers, its already cheap enough. when things get to cheap it dosnt seem like it worth anything. i like electronice to be around 600. especially the ps3.

posted 7:05pm EDT - October 31st, 2007
5

psn id: gingo... i actually like Michael Pachter because he's usually crrect and a price drop for ps2 is not that unlikely

posted 7:18pm EDT - October 31st, 2007
6

A guess is a guess, it doesn't matter whether its right or wrong. I rather see it instead of seeing the old "I told you so" remarks approach people take nowadays. :E

posted 7:52pm EDT - October 31st, 2007
7

true PS3 is cheap as it is, i mean i paid over $700 dollars for mine

posted 7:55pm EDT - October 31st, 2007
8
Do Not Spam the Comment Section! -Editor
posted 8:23pm EDT - October 31st, 2007
9

The guy is an idiot he's only been repeating common sense. I'VE made more accurate predictions than he has and it's not even my job!

posted 8:30pm EDT - October 31st, 2007
10

He says it every month so he looks like he gets it right when it actually happens. I think everyone can make a guess that the PS2 will hit $99 and that the PS3 will see a price cut next spring.

posted 12:41am EDT - November 1st, 2007
11

not to be a thorn in one's side.....but who are you quoting in this article? you didnt talk to pachter yourself did you?

posted 1:00am EDT - November 1st, 2007
12
Well I had heard from a video blogger that Playstation usually makes thier price cuts in March. With the new games coming out in the spring it's not too far fetched for a price cut in the near future.
posted 1:54am EDT - November 1st, 2007
13

There will be another price cut when GT5 comes out. It will also be added into a bundle, and will probably have a 120GB HDD version release as well. But everyone is guessing. That just happens to be mine.

posted 5:06am EDT - November 1st, 2007
14

I'm guessing us PS3's have now to worry about! And I guess the biggest games for next year will finally be released without anymore everlasting delays!!!!

posted 6:18am EDT - November 1st, 2007
15

Hehe...looks good for Sony, eispecially with that sudden price cut in Spring...

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