GameStop: PS3 Price Cut in 2009 is 'Highly Likely'

[PS3 News]

GameStop has revealed via IGN that it believes a PS3 price cut in 2009 is highly likely.

According to them, a Wii price cut is also expected this year.

To quote: Executives at major retailer GameStop have weighed in with their console predictions for the remainder of 2009, expecting both PlayStation and Wii to receive a meaningful price cut before the year is out.

That's according to a research note from analyst Arvind Bhatia of Sterne Agee, following a meeting with key GameStop executives.

As reported by Gamasutra, GameStop cites the slowing of sales for both Nintendo and Sony's consoles, with PlayStation 3 in most urgent need of attention.


More PlayStation 3 News...

[semitope]

a hacked ps3 with no price cut would sell like hot bread.

[BreakBeatz]

wow what do you know, a hacked ps3 lol.. i hacked my psp

[sorceror]

Gamestop can have their opinion... but it's Sony's opinion that actually matters here. A price drop would be nice for consumers and retailers, but Sony has to do what's good for Sony.

That being said, I have to assume parts have gone down in price by now. They should be able to hack a $50 reduction, I'd think. But I agree with many that a reduction will come, if at all, at the TGS, going into the holiday season.

[reorampage]

Personally, I'm just tired of hearing rumors and hopes about the PS3 price cut. It's to the point where almost everyone saying it like it's gonna give them attention. The PS3 price cut topic is like the celebrity sex tape of the gaming world. Everyone's got something to say about it, attention whores.

[hipnautikboy]

I cant wait!! lol

[dagnillo]

Originally Posted by reorampage Personally, I'm just tired of hearing rumors and hopes about the PS3 price cut. It's to the point where almost everyone saying it like it's gonna give them attention. The PS3 price cut topic is like the celebrity sex tape of the gaming world. Everyone's got something to say about it, attention whores.

I agree, this is getting ridiculous. It seems every few days we hear about ANOTHER rumor of a price cut from another "reliable" source. Give it up already, we'll know a price cut is coming when it actually comes from Sony's mouth.

[CyanCaze]

Originally Posted by reorampage Personally, I'm just tired of hearing rumors and hopes about the PS3 price cut. It's to the point where almost everyone saying it like it's gonna give them attention. The PS3 price cut topic is like the celebrity sex tape of the gaming world. Everyone's got something to say about it, attention whores.

Indeed, at this point it really means nothing to me except for the games that will be coming out because of the larger user base.