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Sony Cutting 80GB PS3 to $499?

Storm | July 16, 2007 | Industry News | Playstation 3 
This would be logical, to cut the 80GB PS3 to $499 once the 60 GB PS3's sell out. If they do go through with this, it'll surely beat Xbox's Elite system. Pachter is a bit out there with his analyzing, though, speculating that the 80GB console will drop another $100 next year, to $399. Doesn't seem likely, guess it depends on how well sales do from now until next year.
Industry analyst Michael Pachter expects the 80GB PlayStation 3 to drop in price to USD 499 once all stock of the 60GB model has sold out, GamesIndustry.biz reports.

The 80GB model currently retails in North America for USD 599 with a copy of Evolution Studio's MotorStorm, but Pachter believes the newly introduced unit will drop in price for the standalone console.

"In our view, the Sony entry level price of USD 499 is here to stay," he said.

"We believe that there are presently 2 to 3 million 60GB PS3s produced and not yet sold, and expect the entire supply to be diverted to the US to honour the new lower price point.

"Once these units are sold through, we expect the company to lower the price of its 80GB model to USD 499 on a standalone basis."

Sony Europe boss David Reeves revealed last week the 60GB PS3 would be phased out in the US, leaving the 80GB SKU as the only option to consumers.

The analyst also predicted that Sony will again cut the price of the 80GB PS3 in early 2008.

"We expect the USD 499 price cut to be maintained until early next year, when the 80GB model will likely be cut again to USD 399," he said.

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  • 1 thumbs!
    Red_Phoenix | July 16, 2007
    Good thing I waited before I actually bought that thing, I knew the price would drop eventually thanks for the news.
  • 1 thumbs!
    Insanity Prevails | July 16, 2007
    Given the reaction by gamers over the current situation this makes a lot of sense. Just depends on what Sony's actions will actually be.

    But yeah, two price cuts in fairly quick succession seems very unlikely. We'll just have to wait and see what happens.
  • 2 thumbs!
    Storm | July 16, 2007
    Perhaps they'll have the bundle package at $600 and alone $500. The bundle package does seem worth it, though. Save a good...$80 or so with that, two games and an extra controller. But for the cheaper crowd like me, I'd rather have the 80GB at $500.
  • 1 thumbs!
    tidus04 | July 16, 2007
    Good news to hear, this was only an ammount of time for the drop but for it to be the 80gb just seems to make it all better =]
  • 1 thumbs!
    black_wing79 | July 17, 2007
    I'm too skeptical on this piece of news.. they have been announcing alot of different conflicting things over the past two weeks.. i will have to reserve judgement until it actually happens..
  • 1 thumbs!
    Final Blade | July 17, 2007
    I had a feeling this was the course of action they was going to take. It seems Sony does know what there doing. However black_wing79 does bring up a point though. But im optimistic about this so im standing on my original statement.
  • 1 thumbs!
    ZhaoYun88 | July 17, 2007
    I suppose its not really much counted for me in the UK, the 60GB as it is has not reduced we just get a bigger pack when buying the 60GB version now which comes with Motorstorm and Resistance, along with a HDMI cable me thinks... its good news for some countries but not all
  • 0 thumbs!
    Evanster 69 | July 17, 2007
    Wait 15 years and then you could but a 1000GB PS3 for 50$.
  • 0 thumbs!
    Revenger of Wastelan | July 17, 2007
    OH YESSSSS! Thanks god! For a sec i thought it will actually stay 599 USD, if it will drop it will be sooo good for me.

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