Howard Stringer thinking about cutting PS3 price

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fuzzysquash

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#1 fuzzysquash
Member since 2004 • 17374 Posts

"Nintendo Wii has been a successful enterprise, and a very good business model, compared with ours . . . because it's cheaper," Mr Stringer said in a video interview. "That [price cuts] is what we are studying at the moment. That's what we are trying to refine."

source

good news for people like me who are waiting for a Waitstation3 (or, as diggyzoom calls it, a "pstriple")

:)

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MoldOnHold

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#2 MoldOnHold
Member since 2005 • 11760 Posts
Watch it be a $.99 drop. :P

Nah this is great news :)
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foxhound_fox

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#3 foxhound_fox
Member since 2005 • 98532 Posts
If he believes the only reason the Wii is successful is because its cheaper, he's got another thing comin'.

Two words... killer app (or Wii Sports, whatever floats your boat).

A price drop will do the PS3 good but it can only take it so far with no true killer app.
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Hoffgod

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#4 Hoffgod
Member since 2006 • 12229 Posts
I'd have rathered they thought about price before they released the system, but hey, better late than never.
But still probably too much. Get it to $400. Then, and only then, will we talk.
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yoshi_64

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#5 yoshi_64
Member since 2003 • 25261 Posts

I'm sure it's something MS is also looking into though. Not to mention, Nintendo so far has the most leverage with price, that they could either A. Drop it $50 and still include Wii Sports or B. Pack in an extra set of Wii Remote/Nucnhuk sets, and possibly another freebie. (Coupon for Wi-Fi dongle, Wii Points Card, SD card? )

Though, I wouldn't be suprised a price drop may come sooner than expected. Sony really needs to get into shape with PS3, because it's not doing as hotly as it should, and it'd be perfect to do so when big hits are out later this year.

Though.. we'll see if the price is all that's keeping everyone out, or if the competition won't retaliate with something to keep interest away from possible buyers.

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Teuf_

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#6 Teuf_
Member since 2004 • 30805 Posts
And in other obvious news, the Pope reads the bible. :P
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jechtshot78

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#7 jechtshot78
Member since 2004 • 29851 Posts

And in other obvious news, the Pope reads the bible. :PTeufelhuhn

:lol: Too true, Anyone who thought Sony wasn't looking into this somehow is daft.

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hellsing321

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#8 hellsing321
Member since 2005 • 9608 Posts
There shouldn't be any thinking. It should have been done yesterday. But whatever their first price drop it probably won't be enough to spur sales much. It needs to get down to $399 before it can really start to pick up.
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Einhanderkiller

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#9 Einhanderkiller
Member since 2003 • 13259 Posts
$500 (or less) by Holiday 2007 and the PS3 is mine... that is, if Metal Gear Solid 4: Guns of the Patriots is released by then.
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cakeorrdeath

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#10 cakeorrdeath
Member since 2006 • 19079 Posts
I think it needs a big drop to make an impact, after all we've already had a PS3 at $500.
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secretsaiyan007

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#11 secretsaiyan007
Member since 2006 • 4508 Posts
-$100 would be good :D
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Ibacai

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#12 Ibacai
Member since 2006 • 14459 Posts
-$100 would be good :Dsecretsaiyan007
I'm thinking a $150 price cut would be even better for those waiting. It might not be feasible for Sony, I'm not privy to all that ;) , but it would go a lot farther in my opinion.
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PelekotansDream

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#13 PelekotansDream
Member since 2005 • 7602 Posts
Better be done in the UK, we pay over $700 here I think and the excuses for why Europe has to pay so much are poor. I wanna get my setup ready for MGS4 and to watch my imported anime!
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the-very-best

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#14 the-very-best
Member since 2006 • 14486 Posts

Yes, smart thinkin Howie!

Maybe just a $10 price drop in the US, and a $500 price drop in Australia.

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fuzzysquash

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#15 fuzzysquash
Member since 2004 • 17374 Posts

Yes, smart thinkin Howie!

Maybe just a $10 price drop in the US, and a $500 price drop in Australia.

the-very-best

lol, even the kangaroos will buy one at that price

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CJL13

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#16 CJL13
Member since 2005 • 19137 Posts

I think it needs a big drop to make an impact, after all we've already had a PS3 at $500.cakeorrdeath

A 20GB version hardly any retailers would sell.

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FalconZero

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#17 FalconZero
Member since 2003 • 15023 Posts

Let's not get too carried away. -150? -200?

...I'd say around -100 or so. I'm wondering how much Sony is willing to lose to sell their console.

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-Spock-

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#18 -Spock-
Member since 2006 • 7072 Posts

Let's not get too carried away. -150? -200?

...I'd say around -100 or so. I'm wondering how much Sony is willing to lose to sell their console.

FalconZero

I still doubt a $500 price point for the 60GB model would help sales. Firstly, it is still $100 more than the Premium 360, and in the eyes of the everyday consumer that difference is still quite substantial for basically the same hardware. On top of that it would still be a gigantic $250 more than the Wii, which is suicide as far as new console adopters and "casuals", if you will, are concerned.

Secondly, at $500 the 20GB model still failed to penetrate the market (although that was admittedly because of a lower availability ratio than anything else). I can see it maybe boosting 60GB PS3 sales slightly, but ultimately it would just be a pointless extension of another failed entry point.

Finally, Sony really have to reduce the price by at least $150-200 to be effective, as well as get better games out as soon as possible. They also need to start winning back their Japanese home base -- as far as monthly sales go, PS3 is doing abysmally for its first year on sale. That's frankly shocking for a Japanese console manufacturer with such a devoted fanbase. North America boasts equally distressing sales, as the console was reportedly outsold by the GBA a couple of months ago. The only area Sony are doing remotely well in is Europe, which is the only snippet of good news.

All in all, Sony just need to drop the PS3 by such a drastic amount in order to gain a proper foothold in the next-gen market. Drastic situations, after all, call for drastic measures.

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kage_53

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#19 kage_53
Member since 2006 • 12671 Posts

Sony wont do it (well notyet)because MS will cut the 360's price. Sony is losing roughly $250-$400 for every PS3 bought.

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The_Game21x

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#21 The_Game21x
Member since 2005 • 26440 Posts

*Gets on knees and begins to pray*

Please...Please let this be true...

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WeeWeeJumbo

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#22 WeeWeeJumbo
Member since 2005 • 5380 Posts
If they go ahead and execute a substantial ($100 or greater) price drop, we can expect that MS will drop the price of the 360 and that Nintendo will probably not change the price of the Wii. Both drops will have a dramatic impact on units sold for both of the high-end competitors (and will probably be accompanied by a noticeable drop in Wii sales). But, that's when this generation will get the boost it needs, and it'll get a whole lot more interesting, as it becomes more and more financially sensible to develop high-end games.
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diggyzoom

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#23 diggyzoom
Member since 2005 • 19616 Posts

It shall come within the next the next 4 months. If it doesn't come then diggy vows to never buy a ps3 ever and I will take my huge following of diggy worshipers with me and we shall turn on Sony. You think the ps3 is doing bad now Stringer , it could get much worse with diggy's rath. Don't mess with the leader of cow nation.

I need to take a shower now ... I sould like Blackbond. :P