When the Sony Playstation 3 had originally come out, the price was a whopping $400 to $600. Many have said that Sony had shot itself in the foot in regards to the hefty price tag of the Playstation 3 console.
Due to the features the Playstation 3 offered, it should have hurt sales of the Microsoft Xbox 360. On top of that, the Xbox 360 still had system flaws such as the “red ring.” A red ring signifies that your Xbox 360 console needs to be fixed. It was only a few days ago that my friend complained to me about her 360 console getting the red ring of death. This is the 360 equivalent to the blue screen of death on the PC.
But, the hefty price tag was something that probably kept Sony from getting an edge over Microsoft. At the end, it was the Nintendo Wii that managed to capitalize. Because of this, a Nintendo Wii console is hard to get a hold one. One should try going on eBay to bid on a few Wii consoles.
According to Michael Pachter, a financial analyst, Sony will cut the price of its PS3 consoles to $299 in April. He adds that Microsoft will do the same with its Xbox 360 consoles in June. However, this is coming from an analyst.
Sony and Microsoft could say otherwise. Even if it is the case with what Pachter said, it would still probably make the Nintendo Wii the least expensive of the three next-generation consoles.
Will Sony slash the price down to $299? We will have to wait until April, in time for my birthday.