Sony on PS3 pricecut: Yeah right... we don't want to keep losing money

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rotaredom

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#1 rotaredom
Member since 2009 • 202 Posts
Source: http://www.reuters.com/article/techn...5670C120090708 Quote: SUN VALLEY, Idaho, July 7 - Sony Corp Chief Executive Howard Stringer brushed off concerns that the PlayStation 3 video game console is too expensive, and said the company is unlikely to sell parts of its business amid the recession. Last month, Kotick told the Times of London that Activision might cease developing games for the PlayStation if Sony did not cut the price of the console, which competes with Microsoft Corp's Xbox and Nintendo Co Ltd's Wii. "When we look at 2010 and 2011, we might want to consider if we support the console," Kotick had said. Asked about the logic of not cutting prices, Stringer said, "I (would) lose money on every PlayStation I make -- how's that for logic."
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menserman

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#2 menserman
Member since 2009 • 218 Posts

what u talking about willis?

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zarshack

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#3 zarshack
Member since 2009 • 9936 Posts

keyloggerz!???!!?

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Hexagon_777

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#4 Hexagon_777
Member since 2007 • 20348 Posts

I guess I won't be buying a PS3 for a while longer. I as the consumer decide its value and I am not willing to fork over any money at that price. Many others seemingly aren't willing to either.

Oh, and before people tell me to get a job - I have more than enough money. I am simply not a tool. ;)

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DAZZER7

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#5 DAZZER7
Member since 2004 • 2422 Posts

So now they're not going to drop the price?

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menserman

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#6 menserman
Member since 2009 • 218 Posts

keyloggerz!???!!?

zarshack
prolly. its got the signs of miss spelt words
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double-r

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#7 double-r
Member since 2004 • 398 Posts

i reckon they will drop the price when gt5 comes out. its their biggest 1st party game and it is coming out within a few months of christmas. if they drop it then, the ps3 will sell like hot cakes.

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-Reggaeton-

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#8 -Reggaeton-
Member since 2007 • 2392 Posts

So now they're not going to drop the price?

DAZZER7
Even if they would, u think he would admit it? People would just wait and the sales would fall to ZERO until the drop.
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aero250

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#9 aero250
Member since 2009 • 3613 Posts

i reckon they will drop the price when gt5 comes out. its their biggest 1st party game and it is coming out within a few months of christmas. if they drop it then, the ps3 will sell like hot cakes.

double-r
There is no confirmation on it coming before christmas stop acting like there is a release date.
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aero250

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#10 aero250
Member since 2009 • 3613 Posts
[QUOTE="DAZZER7"]

So now they're not going to drop the price?

-Reggaeton-
Even if they would, u think he would admit it? People would just wait and the sales would fall to ZERO until the drop.

They better drop it or ther PS3 will fall even further behind.
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SolidTy

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#11 SolidTy
Member since 2005 • 49991 Posts

This is a way for SONY to fool consumers/rivals into thinking there is no Price drop...and then WHAM, surprise us.

OR

They simply need to do what they need to do, regardless of how many Wii's and 360's Sell. Sony needs to run the business as Sony should. If that means they don't outsell the competition, but throw up profits eventually, then that's that.

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menserman

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#12 menserman
Member since 2009 • 218 Posts

how did the TC get a second post. when i posted my first comment i was the only one who posted in his thread.

also. why cant i edit my posts now?

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Lothenon

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#13 Lothenon
Member since 2003 • 1177 Posts

No price drop = no buy.

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Ragashahs

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#14 Ragashahs
Member since 2005 • 8785 Posts

I guess I won't be buying a PS3 for a while longer. I as the consumer decide its value and I am not willing to fork over any money at that price. Many others seemingly aren't willing to either.

Oh, and before people tell me to get a job - I have more than enough money. I am simply not a tool. ;)

Hexagon_777

while your are entitled to your opinion how is purchasing a PS3 at this price make you a tool? it's not as if sony is squeezing a lot of profit out of that $400. it cost quite a lot of make a PS3 and giving a PS3 would mean sony would have to sell the PS3 for a loss again.

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WilliamRLBaker

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#15 WilliamRLBaker
Member since 2006 • 28915 Posts

[QUOTE="Hexagon_777"]

I guess I won't be buying a PS3 for a while longer. I as the consumer decide its value and I am not willing to fork over any money at that price. Many others seemingly aren't willing to either.

Oh, and before people tell me to get a job - I have more than enough money. I am simply not a tool. ;)

Ragashahs

while your are entitled to your opinion how is purchasing a PS3 at this price make you a tool? it's not as if sony is squeezing a lot of profit out of that $400. it cost quite a lot of make a PS3 and giving a PS3 would mean sony would have to sell the PS3 for a loss again.

Actually they are squeezing nothing out of initial ps3 sales which the system still sells for a loss i think i read somewhere that it costs 10% more then they sell it for.
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dommeus

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#17 dommeus
Member since 2004 • 9433 Posts

I guess I won't be buying a PS3 for a while longer. I as the consumer decide its value and I am not willing to fork over any money at that price. Many others seemingly aren't willing to either.

Oh, and before people tell me to get a job - I have more than enough money. I am simply not a tool. ;)

Hexagon_777
Get a job you hippy freeloader lol
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CreepyBacon

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#18 CreepyBacon
Member since 2005 • 3183 Posts

Good. Good news. The more it stays at that price the worse it'll get.

Sure a price cut will hurt sony financially cause they'#d be taking a hit but thats tihnking short term. Long term, screwing the PS3 compeltely will screw them with the PS4 as well and potentially screw them right out the console business. Bright future ahead i hope. :)

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lhughey

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#19 lhughey
Member since 2006 • 4890 Posts

Good. Good news. The more it stays at that price the worse it'll get.

Sure a price cut will hurt sony financially cause they'#d be taking a hit but thats tihnking short term. Long term, screwing the PS3 compeltely will screw them with the PS4 as well and potentially screw them right out the console business. Bright future ahead i hope. :)

CreepyBacon
You are correct. They have to cut the price, unless they see a manufacturing break through developing that will get the price down shortly. They are going to have to make up their losses with software sales. PS3 owners, start buying games.
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STRETCH-E

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#20 STRETCH-E
Member since 2009 • 631 Posts

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

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WhyuStillAlive

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#21 WhyuStillAlive
Member since 2007 • 607 Posts

Sony will drop the price this is just letting us know that Sony isn't doing it out of fear of Activisions threats.

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navyguy21

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#22 navyguy21
Member since 2003 • 17952 Posts
A price drop is coming. Some of you act like he is going to say "yea, we will cut the price in October" and have sales and stock price plummet until October. Thats just silly :P We can follow Sony's activity in the market over the last year and be 90% sure that they will be a price cut.
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agentfred

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#23 agentfred
Member since 2003 • 5666 Posts
Asked about the logic of not cutting prices, Stringer said, "I (would) lose money on every PlayStation I make -- how's that for logic."rotaredom
I don't like his tone. Why is he so combative?
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Deathtactician8

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#24 Deathtactician8
Member since 2009 • 158 Posts

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

STRETCH-E
The irony is that this is probably true.
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Hexagon_777

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#25 Hexagon_777
Member since 2007 • 20348 Posts

[QUOTE="Hexagon_777"]

I guess I won't be buying a PS3 for a while longer. I as the consumer decide its value and I am not willing to fork over any money at that price. Many others seemingly aren't willing to either.

Oh, and before people tell me to get a job - I have more than enough money. I am simply not a tool. ;)

dommeus

Get a job you hippy freeloader lol

*lights a cigar with a $20 bill*

Wait, what? :o

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mixmax5

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#26 mixmax5
Member since 2006 • 2347 Posts

A price drop would be very nice.

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johnnyblazed88

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#27 johnnyblazed88
Member since 2008 • 4240 Posts

they should put that kz2 mgs4bundle in every store not just best buy

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treedoor

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#28 treedoor
Member since 2004 • 7648 Posts
What are they doing in Sun Valley
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Nonstop-Madness

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#29 Nonstop-Madness
Member since 2008 • 12873 Posts

Its business, why would Sony want to lose even more money ? Unless the PS3 Slim is real, Sony wont cut the price any time soon.

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Deathtactician8

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#30 Deathtactician8
Member since 2009 • 158 Posts

[QUOTE="dommeus"][QUOTE="Hexagon_777"]

I guess I won't be buying a PS3 for a while longer. I as the consumer decide its value and I am not willing to fork over any money at that price. Many others seemingly aren't willing to either.

Oh, and before people tell me to get a job - I have more than enough money. I am simply not a tool. ;)

Hexagon_777

Get a job you hippy freeloader lol

*lights a cigar with a $20 bill*

Wait, what? :o

Why don't you buy the new bundle. It cost 400 USD so its like buy a 300 USD PS3 with 2 games added in for an extra 100USD. Unless of course you are a lemming and are just trolling?
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Pancakespank

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#31 Pancakespank
Member since 2009 • 196 Posts
That means no Price cut for the PS3? O_o
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Wii_Gamer_277

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#32 Wii_Gamer_277
Member since 2009 • 1795 Posts
Sony is in a lose lose situation, they cut price they lose MORE money, So I can see why there so hesitant to not cut price because they cant afford to take that deep of a loss.
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Ilikemyname420

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#33 Ilikemyname420
Member since 2007 • 5147 Posts

Its business, why would Sony want to lose even more money ? Unless the PS3 Slim is real, Sony wont cut the price any time soon.

Nonstop-Madness
Honestly I fail to see how anyone can actually believe that a slimmer PS3 would cost them LESS money.....it doesn't make a lick of sense.....are they supposed to be saving money on plastic/packaging or something??
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treedoor

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#34 treedoor
Member since 2004 • 7648 Posts

[QUOTE="STRETCH-E"]

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

Deathtactician8

The irony is that this is probably true.

It says a lot when people would rather spend $400+ for a 360 over a PS3.

Learn the term "Value to the consumer".

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Pancakespank

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#35 Pancakespank
Member since 2009 • 196 Posts
So many people will buy a PS3 if it'll get a price cut. They gotta do it. it will be 100$ price drop? or more :O
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thelastguy

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#36 thelastguy
Member since 2007 • 12030 Posts

There will be a price drop this year

Obviously they will not announce one months in advance, that would kill sales

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shadow8585

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#37 shadow8585
Member since 2006 • 2947 Posts
If current PS3 owners actually bought games in comparison to 360 owners, they would probably drop the price in expectation that theyll make the money back on game sales...BUT since, like Ive been saying for awhile (because of what Ive experienced from my casual gamer friends), only hardcore gamers actually think the PS3 has some good games (thanks to Sonys awful marketing) so their sales are lower than they should be
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Nonstop-Madness

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#38 Nonstop-Madness
Member since 2008 • 12873 Posts
[QUOTE="Nonstop-Madness"]

Its business, why would Sony want to lose even more money ? Unless the PS3 Slim is real, Sony wont cut the price any time soon.

Ilikemyname420
Honestly I fail to see how anyone can actually believe that a slimmer PS3 would cost them LESS money.....it doesn't make a lick of sense.....are they supposed to be saving money on plastic/packaging or something??

Smaller CPU and GPU cost less money to make. Smaller CPU and GPU would mean smaller power supply,heatsink and less material for casing = cost less, a smaller Blu Ray drive would cost less to make also.
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shadow8585

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#39 shadow8585
Member since 2006 • 2947 Posts

There will be a price drop this year

Obviously they will not announce one months in advance, that would kill sales

thelastguy
Yeah but he didnt have to comment. He made this comment so the fairly large amount of people waiting for a price drop realize there isnt gonna be one for awhile so if you want one mine as well get one now. And these guys never bluff cause that would just piss people off. As always, no comment = true, comment = false. No PS3 price drop for awhile folks, in which case the 360 will be ready for another lol
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mitu123

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#40 mitu123
Member since 2006 • 155290 Posts

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

STRETCH-E
Simple, pay less for now, pay more later on, unlike the PS3, where you need to pay more at the start.
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treedoor

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#41 treedoor
Member since 2004 • 7648 Posts

[QUOTE="STRETCH-E"]

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

mitu123

Simple, pay less for now, pay more later on, unlike the PS3, where you need to pay more at the start.

No.

Value to the consumer.

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rybe1025

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#42 rybe1025
Member since 2004 • 6362 Posts
[QUOTE="zarshack"]

keyloggerz!???!!?

menserman
prolly. its got the signs of miss spelt words

I did not bother with the link but the same thing is on Kotaku also. On topic- I think there will be a slim in a few months anyways so that will make it cheaper.
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mitu123

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#43 mitu123
Member since 2006 • 155290 Posts

[QUOTE="mitu123"][QUOTE="STRETCH-E"]

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

treedoor

Simple, pay less for now, pay more later on, unlike the PS3, where you need to pay more at the start.

No.

Value to the consumer.

And you know that stuff is optional right, I never use Wi-Fi and didn't get one for the 360 either.
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Dweedledude5000

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#44 Dweedledude5000
Member since 2009 • 198 Posts

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

STRETCH-E
in new zealand PS3 is $700-$800 360 = $200 - $400 depending on Version.
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mD-

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#45 mD-
Member since 2005 • 4314 Posts
If current PS3 owners actually bought games in comparison to 360 owners, they would probably drop the price in expectation that theyll make the money back on game sales...BUT since, like Ive been saying for awhile (because of what Ive experienced from my casual gamer friends), only hardcore gamers actually think the PS3 has some good games (thanks to Sonys awful marketing) so their sales are lower than they should beshadow8585
Wow, this is the first thing you've ever said that I semi-agree with (part about sony's bad marketing)... Btw, Current PS3 owners do buy games... The sales are lower because IT HAS LESS CONSOLES SOLD.
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navstar29

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#46 navstar29
Member since 2004 • 4036 Posts

I guess I won't be buying a PS3 for a while longer. I as the consumer decide its value and I am not willing to fork over any money at that price. Many others seemingly aren't willing to either.

Oh, and before people tell me to get a job - I have more than enough money. I am simply not a tool. ;)

Hexagon_777
Do you pay for XBL?
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Ilikemyname420

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#47 Ilikemyname420
Member since 2007 • 5147 Posts

[QUOTE="Ilikemyname420"][QUOTE="Nonstop-Madness"]

Its business, why would Sony want to lose even more money ? Unless the PS3 Slim is real, Sony wont cut the price any time soon.

Nonstop-Madness

Honestly I fail to see how anyone can actually believe that a slimmer PS3 would cost them LESS money.....it doesn't make a lick of sense.....are they supposed to be saving money on plastic/packaging or something??

Smaller CPU and GPU cost less money to make. Smaller CPU and GPU would mean smaller power supply,heatsink and less material for casing = cost less, a smaller Blu Ray drive would cost less to make also.

If they say go from a 90mm to a 65nm chip they can save money over the very long term, however slimming down the console would increase R&D, manufacturing, and test costs, not to mention take up a capital investment exponentially larger than what it took to for the fabricators of the original console.....so assuming it would be cheaper out the gate just doesn't make sense.... it would end up costing them more money to do that than what it cost them to develop the original PS3 and everything in it.

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mD-

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#48 mD-
Member since 2005 • 4314 Posts

Btw, guys I'd say exactly what Stringer said if I wanted to see my KZ2 and MGS4 Bundles have a better chance at selling before my price cut coming August/September

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blue_hazy_basic

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#49 blue_hazy_basic  Moderator
Member since 2002 • 30854 Posts

I don't get why people who post here complain about the PS3's price when they probably paid the same/more for their 360.

STRETCH-E
Well you expect to pay more at launch and those people have already had what 3-4 years of gaming ....
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Hexagon_777

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#50 Hexagon_777
Member since 2007 • 20348 Posts

[QUOTE="Hexagon_777"]

[QUOTE="dommeus"] Get a job you hippy freeloader lolDeathtactician8

*lights a cigar with a $20 bill*

Wait, what? :o

Why don't you buy the new bundle. It cost 400 USD so its like buy a 300 USD PS3 with 2 games added in for an extra 100USD. Unless of course you are a lemming and are just trolling?

I am not trolling since I did not mean to antagonize anyone. I was simply stating the truth and preemptively stated that I have enough money before people tell me to get a job so I can afford a PS3. I have been looking into buying a PS3 for a while now but cannot justify the price. In addition, I am not particularly interested in MGS4. The deciding factor, however, is that that deal seems to be exclusive to the US.