PSP Go a 'rip off', says Pachter

News - Analyst unimpressed by pricing

Outspoken Wedbush Morgan analyst Michael Pachter has described the newly unveiled PSP Go handheld as a 'rip off'. The handheld will cost 249 USD and 249 Euro in it's respective regions.

Speaking with Geoff Keighley's Bonus Round, Pachter said: "249 is too much, period. The [present] 169 USD PSP-3000 is a profitable device, the disc assembly, for a UMD, costs more than 16 gigs of flash does. So this new device doesnt cost them as much to make as the PSP-3000 and they jack the price up 80 USD.

"Im sorry to say it. I dont want to get bad fan mail from the Sony fanboys, but... They're ripping off the consumer until they sell a couple million and if consumers dont buy it then the price is going to come down... they're making a lot more money on the PSP Go than the PSP-3000. And the PSP Go helps them because there's no piracy."

Most existing PSP UMD releases are also expected to be released in digital download form over PSN. More PSP Go chatter as we get it.