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PS3 price cut doubtful for 2008

May 16, 2008 in Industry News comments 13

Colin Sebastian of Lazard Capital (an investment bank which focuses on equity research, and other things) feels, according to Sony's latest financial statement, a price cut for the PlayStation 3 isn't likely this year. The company's gaming division made a loss of $1.24 billion on revenues of $12.84 billion in the last financial year.

"Console market share appears to be less of a priority; price cut less likely," he said. "On its earnings call, Sony management indicated the company is now more focused on achieving profitability in the PlayStation segment and rolling out online services (e.g., PlayStation Home) rather than chasing unit market share vs. Microsoft and Nintendo. Importantly, management comments also suggest that a price cut is less likely on the PS3 this year, at least in the near term."
chautemoc via ps2.boomtown.net »
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  • -1
    Slumpy monkey May 16, 08
    I think they should focus on getting more people actually playing on PSN before updating it.
    • 0
      Seeker X May 16, 08
      I would actually come up with an in-depth paragraph on how pointless and ignorant your comment was...but I'll just leave you with this...

      You're a *bleep*ing idiot.
      • 0
        Slumpy monkey May 16, 08
        God, Thats all you do. Insult people and say
        "You're a *bleep*ing idiot."

        Its getting old now.
        • 1
          Seeker X May 16, 08
          Uh, no. I bother with details, but your obvious lack of intellect in your comment leads me to believe you're not worth the time nor effort.
        • 0
          Slumpy monkey May 17, 08
          What, PS3 has sold around 4 million ps3s worldwide, How many of them do you think is online?

          They should try and increase their online market by selling more consoles, then upgrade the online. Whats the point in upgrading the whole system for only a few people. Plus people waiting for a ps3 price drop wont get one, Driving away potential customers. If they get more people buying ps3s they would get more money to plough into online.
        • -2
          Final Blade May 17, 08
          Actually Slumpy thats only in the U.S, They have sold 10.68+ Million worldwide. Gets your facts straight.
        • -1
          Seeker X May 17, 08
          It shows how much you know about the PS3, huh?

          For some reason you decide to ignore the majority of games that have online capabilities AND for free. I can't even believe you were serious.
        • 1
          Donnelly May 17, 08
          I think the point slumpy was originally trying to make is that Sony should concentrate on getting good some good exclusives to give people a reason to play on PSN.
        • -1
          Seeker X May 17, 08
          At the price of ignoring the people already bought it? SCE is not directly responsible for exclusives, they're responsible for the console decisions. I don't see how another price cut is actually gonna make profits.
  • -1
    Blackfalcon May 16, 08
    Damn, I was anxiously waiting for a price cut. =(
  • 1
    Distortion May 16, 08
    Can't say I'm surprised at all.
  • -1
    Final Blade May 17, 08
    Why lower the price now? I mean they have alot more good games then they had months ago, and it isn't really that expensive. Not me mention more good games are coming out like Haze and MGS4 which will definitely boost sales alot for the PS3.

  • 0
    theundertakergonzo May 17, 08
    Well it isn't overly expensive at the moment but i guess thats fair enough. If there happy with the sales then they don't have to. I mean we're all just customers.

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