Sony cuts PS3 prices by $100!!! - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 35 (permalink) Old 07-09-2007, 10:39 AM Thread Starter
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Sony cuts PS3 prices by $100!!!

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Sony cuts PS3 price by $100
Reduction has been widely anticipated by industry watchers, despite Sony's president specifically denying a potential price cut last week.
By Reuters
Published: July 9, 2007, 4:49 AM PDT

Sony cut the price of the PlayStation 3 by $100, or 17 percent, in the United States on Monday, a move designed to boost the game console's lackluster sales.

The PlayStation 3, which includes a 60GB hard drive and a Blu-ray high-definition DVD player, will now cost $500--or $20 more than the most expensive version of Microsoft's Xbox 360.

The PS3 still costs twice that of Nintendo's Wii console, whose $250 price and motion-sensing controller have made it a bestseller despite its lack of cutting-edge graphics and a hard drive..

The price drop was widely anticipated by industry watchers despite Sony President Ryoji Chubachi telling Reuters last week that the company had no immediate plans for one.

"Our initial expectation is that sales should double at a minimum," Jack Tretton, chief executive of Sony Computer Entertainment America, said in an interview. "We've gotten our production issues behind us on the PlayStation 3, reaching a position to pass on the savings to consumers, and our attitude is the sooner the better."

Wedbush Morgan analyst Michael Pachter said Sony's price reduction would not double sales but may boost them by 50 percent to about 120,000 units a month.
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"The greater significance is that Sony is signaling to the market that (it is) coming down the cost curve pretty fast in making this thing. It's a pretty consumer-friendly move," Pachter said.

Sony's move comes two days before the start of the video game industry's annual E3 trade show in Santa Monica, Calif., where some expect Microsoft to respond with its first price cuts on the Xbox 360.

Nintendo, whose Wii is selling so well that it is still hard to find in stores eight months after its launch, is not expected to budge on pricing.

The Xbox 360 and Wii have outsold the PS3 by several times in the crucial U.S. market, leaving Sony, whose PlayStation 2 dominated the last console generation, in the unfamiliar position of playing catch up.

Sony is counting on the price cut to help it significantly increase sales of the PS3 ahead of the crucial holiday-shopping season that accounts for most of the annual sales of highly profitable gaming software.

Sony is also introducing a new version of the PS3 featuring an 80GB hard drive and a copy of Motorstorm, an off-road racing game that has already sold a million copies.

The new model will sell for $600 and is aimed at gamers who expect to download a lot of games and other content from Sony's burgeoning online network.

Sony also hopes the PS3 will win some converts following Microsoft's admission last week that the failure rate of its Xbox 360 console had been unacceptably high, forcing it to book $1 billion in repair costs.

Story Copyright 2007 Reuters Limited. All rights reserved.
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post #2 of 35 (permalink) Old 07-09-2007, 11:00 AM
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Re: Sony cuts PS3 prices by $100!!!

I'm was gonna go use my 20% off @ target and get a 360 but now i'm gonna get a PS3 too. and you get 5 free blu rays. Def. Hitting this up
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post #3 of 35 (permalink) Old 07-09-2007, 11:01 AM
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Re: Sony cuts PS3 prices by $100!!!

20% off, don't leave a brother hanging. :shock:
post #4 of 35 (permalink) Old 07-09-2007, 11:11 AM
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Re: Sony cuts PS3 prices by $100!!!

10% off cause I am A team lead (Employee Discount)
10% off for using my Red Card
------
20% off


and I think i may have a $5 or $10 off when you spend xxx amount of dollars or something.


The g/f wants a Dyson and I have been wanting an xbox 360 and I was gonna wait on the Ps3 but if they are dropping the price and giving away 5 free blue rays when you mail in your proof of purchase then I might as well go ahead and get it.
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post #5 of 35 (permalink) Old 07-09-2007, 11:21 AM Thread Starter
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Re: Sony cuts PS3 prices by $100!!!

[quote author=Notorious R.I.E. link=topic=82727.msg1543864#msg1543864 date=1183993202]
I'm was gonna go use my 20% off @ target and get a 360 but now i'm gonna get a PS3 too. and you get 5 free blu rays. Def. Hitting this up
[/quote]

Wait what's this about 5 free bd's?
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post #6 of 35 (permalink) Old 07-09-2007, 11:22 AM
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Re: Sony cuts PS3 prices by $100!!!

Good till Sept 30th must be mailed by Oct 31st
http://slickdeals.net/?sduid=0&t=555...Order_Form.pdf
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post #7 of 35 (permalink) Old 07-09-2007, 02:40 PM
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Re: Sony cuts PS3 prices by $100!!!

Doesn't mean I am going to rush out and buy one right now, but it certainly makes it more attractive. Actually makes it damn likely even if they don't reduce the price further that I will probably buy one in the next couple of years once there is that critical mass of games out there that I want to play on it.
-Matt
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post #8 of 35 (permalink) Old 07-09-2007, 04:51 PM
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Re: Sony cuts PS3 prices by $100!!!

it's good to hear about the price drop but it's still a tad too expensive for me right now.

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post #9 of 35 (permalink) Old 07-09-2007, 05:41 PM
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Re: Sony cuts PS3 prices by $100!!!

O RLY??

http://www.next-gen.biz/index.php?op...9&Itemid=2

even more tempting...
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post #10 of 35 (permalink) Old 07-09-2007, 05:52 PM
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Re: Sony cuts PS3 prices by $100!!!

still too expensive...I like my 360 for now just fine....
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