Pachter predicts PS3 price cut

News - Slice to 299 USD in April?

Outspoken games industry analyst Michael Pachter is predicting that Sony will buckle and finally cut the price of the PlayStation 3 console.... but not until April.

The Wedbush Morgan executive adds that an additional Xbox 360 price cut could be forthcoming in the not too distant future.

Pachter believes that PS3 sales will once again begin to grow if a price change is introduced, the big cheese predicting a fall to 299 USD.

"We expect another cut in price for the Xbox 360, with the feature-laden Pro model likely to come down in price to $249 at or before this year’s E3 show in June," he adds, in his new report.

On the other hand, Pachter believes Nintendo won't cut the price of their system until demand starts wavering, meaning that the console is likely to remain at 249 USD for some time to come.