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EEDAR Analyst: XBox 360 Price Drop Coming Within a Week

50°
274w ago - According to an analyst with [Register or Login to view links], the Xbox 360 price drop will happen within a week.

That's right, the Xbox 360 price drop will no longer be rumor or speculation seven days from now, says EEDAR's Jesse Divnich.

Instead, the Xbox 360 price drop will be reality within one week's time - and maybe within the current week.

To quote: "EEDAR is pleased to see that the PlayStation 3 has finally dropped in price. The new PlayStation 3 pricing scheme finally makes the Sony console a much more competitive product, relative to its closest rival, the Xbox 360.

In terms of value, the PlayStation 3 is a superior hardware product in comparison to the Xbox 360; however, this is not to suggest that hardware sales will suddenly shift to Sony's favor -- a superior hardware system is only one variable in the equation for next-generation success.

Nevertheless, the PlayStation 3 price cut will act as a positive catalyst that will close the sales gap between the PlayStation 3 and Xbox 360. This price drop also places the PlayStation 3 at a competitive price to the Wii (retail MSRP $249).

While the target audience for the two platforms varies greatly, some consumers will face a tough decision to purchase the Wii with outdated processing...
 

Analyst: Two New GTA IV DLC Episodes Due Next Year

100°
281w ago - Take-Two and Rockstar are expected to release two brand new downloadable episodes for Grand Theft Auto IV in fiscal 2010, and release GTA V the following financial year.

According to analyst Todd Mitchell, who told GamesIndustry.biz (linked above) that following the release of Xbox 360 exclusives The Lost and the Damned and The Ballad of Gay Tony, two all-new episodes are due - possibly across both the Xbox 360 and PlayStation 3 platforms.

To quote: "I would expect that there would be two more pieces of downloadable content for GTA IV, that's what has been indicated to me, although formats are unsure. It's been indicated to me to me that would be the case," said Mitchell, of Kaufman Bros. Equity Research.

Mitchell also stated that he's expecting Grand Theft Auto V to be released in the 2011 financial year, and there's also the possibility of a new GTA title for the PlayStation 2 next year.

"Coming out of E3 there was no commitment to a new Grand Theft Auto, and I think that's because of Rockstar's track record with delivering on time," said Mitchell.

"Of the three, I'm least confident in saying for sure there will be a new GTA for PlayStation 2, but the track record shows that PSP titles have been repositioned [on PS2]," he said, referring to the recent announcement...
 

Rumor: Analyst Predicts XBox 360 to get One Terabyte HDD

400°
282w ago - Gaming analyst Michael Pachter has briefly mentioned the days of a 1TB Project Natal 'new' Xbox 360.

He noted he does not see the timing of new releases and digital downloads being a function of anything other than hard drive sizes.

To quote: Industry analysts have identified the limited storage space of the current Xbox 360 range as a major feature holding the tech back right now, particularly with the rapid developments in movies and games on demand services via Xbox Live.

"I don't see the timing between new release and digital download being a function of anything other than hard drive sizes," analyst Michael Pachter told [Register or Login to view links].

"I think as soon as we have large hard drives - think the rumoured Project Natal 'new' Xbox 360 with a terabyte of storage in 2010 - we'll have day-and-date downloads."
 

Analyst States Sony is Ripping Off Consumers with PSP Go

550°
284w ago - Here we go again.. Wedbush Morgan analyst Michael Pachter stated in a recent episode of [Register or Login to view links] that Sony's newly announced PSP Go console is priced too high.

To quote: Pachter matter of factly states, "$249 is too much. Period." He goes on to say that while the handheld is priced to compete with Apple's $229 8GB iPod Touch, it doesn't deliver the iTunes App Store or downloadable music from iTunes (as conveniently, at least, as the iPod Touch).

Furthermore, he posits the $250 price of the PSP Go is vastly overinflated considering its contents, claiming it costs Sony less to build and ship the PSP Go than the PSP-3000 model, "The $169 PSP-3000 is a profitable device - the disc assembly, for a UMD, costs more than 16 gigs of flash does. So this new device doesn't cost them as much as the PSP-3000 and they jack the price up $80?"

When Keighley presses Pachter as to whether Sony is "ripping off" the consumer or not, he answers, "They're rippin' off the consumer ... they're making a lot more money on the PSP Go than the PSP-3000."
 

Analyst: PS3 Price Must be Reduced by $100 to Meet Sales

500°
288w ago - Here we go again... Analyst Colin Sebastian believes Sony's forecasts will only be achievable if they cut the price of the PS3 console by $100.

He noted Sony's outlook supports expectations for a PS3 price reduction this year, likely to be some point between E3 and end of the summer.

To quote: Analyst Colin Sebastian claims Sony's forward forecasts can only come into fruition if PS3 price falls by $100.

Sony yesterday [Register or Login to view links] that PS3 unit sales would increase by 3m (30 per cent) in the next 12 months - a figure that Lazard Capital Markets' Colin Sebastian says can only be achieved via a $100 price cut to the machine.

"PS3 guidance suggests pending price reduction - timing and amount uncertain," Sebastian explained in an investor guidance statement.

"We believe Sony's outlook supports expectations for a PS3 price reduction this year, likely at some point between the E3 industry conference in June and the end of the summer, as Sony is able to reduce PS3 production costs.

"A significant price cut could provide the PS3 with a needed shot in the arm. In addition to a $100 price reduction, which would put the PS3 in easier reach of a mass-market audience,...
 
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