[QUOTE="FlamingFlamingo"][QUOTE="Fignewton50"]A good move by Sony, but it isn't going to do much to stop the bleeding. The biggest issue is the lack of games to play on that $5-$600 system. Dropping it $100 doesn't make it much more appealing at all.
I'm sure Microsoft is breathing a huge sigh of relief that the cheapest PS3 is still more expensive than the Elite. I don't see Microsoft needing to drop prices for a while. They've got the better games and the better price range.
Fignewton50
I really doubt Microsoft is just going to wait around for Sony to catch up in sales. I think a price drop is coming for the 360 as well, a $100 price drop for the 360 would put it closer to being able to compete with the Wii. Microsoft has the best games, but the Wii still has that "fad" appeal going on, everyone wants one.
While Microsoft is "waiting around" they are killing Sony in sales. They've got the games and the better price, and it will stay that way for a long time. It's going to take a lot more than a $100 price drop to help Sony overtake the 360.
I'm not sure how concerned Microsoft is with the Wii. They've got the Core package which is only $50 more and are taking a much different approach to gaming with the online and HD capabilities.
Both Sony and Microsoft are very concerned with the Wii, especially since it's getting most of the media's attention, and therefore, most of the sales. MS needs to drop thier prices as well, or risk getting behind the competition. They still have a price advantage, but not as big as an advantage now.
Blu Ray will play a larger factor as the HD era approches. By next year, most households will own an HDTV, so Sony's decision could boost sales, MS has to stay ahead and watch out for these sort of things.
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