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Console Demand: How Much Difference Does $100 Make?

xsynergyx | August 09, 2007 | News | Playstation 3 Wii 
Did you think that when the Playstation 3 had the $100 that it wasn't that big of a deal and it needed an even bigger price cut? Then you need to have a look at these charts. During the price cut, PS3's demand spiked for a 50% growth. The price drop also made consumers interested in a Xbox 360 fall from 28% to 23%. Then, with the recent Xbox 360 price drop, we'll have to see how Sony copes with this. $500 is still a lot, but the $100 price drop helped Sony a fair bit.
Max Freiert (Compete) submits: Gamers have said it. Sales have proven it. Heck, Compete even showed it pre-launch: $600 is too much for a video game console. In July, Sony (SNE) finally recognized this widespread belief and dropped the price of its 60gig PS3 to $500 last month. This certainly hasn’t caused stock boys across the world to dust off the PS3 surplus with any sense of urgency (and probably won’t), but could $499 be the magical price point where a PS3 purchase becomes feasible?

Looking at online demand for the three next-gen consoles, that answer could be, “Yes…but only because I still can’t find a Wii” (Nintendo (NTDOY.PK).
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  • 0 thumbs!
    Theory of Chaos | August 09, 2007
    Too bad this price cut is void in a matter of months.
  • 0 thumbs!
    sten mk II | August 09, 2007
    I wanted to see these images, I never got to yet. Thanks.

    a 100$ price drop is a great deal. I think it's worth the 600$, actually.
    • 1 thumbs!
      xsynergyx | August 09, 2007
      $100 is worth a lot, but I don't think $600 would be worth it. I mean, a few people might buy it for $600 either they're rich, they love Sony, they love everything about the console or they like all the games on the console, etc., but $500 sounds a lot more reasonable to more people.
      • 0 thumbs!
        Final Blade | August 10, 2007
        I bought my console and im not rich.
  • 0 thumbs!
    Special K | August 09, 2007
    I hope this makes the PS3 more obtainable, and therefore more capable to compete with the wii and XBOX 360.
  • 0 thumbs!
    sten mk II | August 10, 2007
    The PS3 really needs to advertise more. Almost everyday I see xbox commercials. The last PS3 commercial I've seen was when Resistance was released. I see Wii commercials all the time, even more than the 360.

    Sony really needs to explain all of the PS3's capabilities so more people can understand. So many aren't ready for the next generation. They're too busy with cell phones that they don't pay attention to cell processors.
  • 0 thumbs!
    Capn Droid | August 13, 2007
    Bring it down to $399, and then we'll talk.

    However, I think it has considerably helped PS3. Can't get over that for a day or two, XBOX 360 was barely outselling Nintendo Wii.
  • 0 thumbs!
    cooly99 | August 16, 2007
    i dont think the ps3 will go farther than the wii or xbox 360
  • 0 thumbs!
    cooly99 | August 16, 2007
    also they made the price too high i would probably buy it in 3 until it gets to 250 or 300
  • 0 thumbs!
    tidus04 | August 17, 2007
    Its funny to think that a price cut would not help a product sell to be perfectly honest.

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