Why does ps2 still sell for $100?

[QUOTE="Archang3l_666"] Look, it's all about value. Yeah, the PS2 as many great games that you can get for cheap, but the technology inside is the problem. When you buy an piece of equipment you see its value based on what you can do with it. But you look at the price as a representative of what's inside. And if what's inside is 10 year old technology then the price should represent that. In this case it doesn't. It's very cheap to make so it should be at a very cheap price. We're not talking about affordability. 100$ is pretty steep when you can get a 5-6 year old PC or any other piece of more advance technology for less or the same price. Don't look at the games for price justification. Look only at the console and what's inside it and you'll find why people think it's pretty expensive. Keyword: base value.Skittles_McGee

We'rn not talking about justifining a purchase, we're trying to justify a price and to do that you have to look only at the base value of the product.

Because you're not paying for the games! You're paying for the technology.

[QUOTE="Skittles_McGee"][QUOTE="Archang3l_666"] Look, it's all about value. Yeah, the PS2 as many great games that you can get for cheap, but the technology inside is the problem. When you buy an piece of equipment you see its value based on what you can do with it. But you look at the price as a representative of what's inside. And if what's inside is 10 year old technology then the price should represent that. In this case it doesn't. It's very cheap to make so it should be at a very cheap price. We're not talking about affordability. 100$ is pretty steep when you can get a 5-6 year old PC or any other piece of more advance technology for less or the same price. Don't look at the games for price justification. Look only at the console and what's inside it and you'll find why people think it's pretty expensive. Keyword: base value.Archang3l_666

We'rn not talking about justifining a purchase, we're trying to justify a price and to do that you have to look only at the base value of the product.

Because you're not paying for the games! You're paying for the technology.

[QUOTE="Archang3l_666"]

[QUOTE="Skittles_McGee"] Why wouldn't you look at the GAMES for a video GAME console when judging the price? :|Skittles_McGee

We'rn not talking about justifining a purchase, we're trying to justify a price and to do that you have to look only at the base value of the product.

Because you're not paying for the games! You're paying for the technology.

But i said that we're not trying to justify the purchase!

We're trying to justify the price. Price is affected by:

a) production cost

b) rarity

c) demand

You don't set the price of a product for what you can buy for it, you set it for what is inside it!

So (a) is not the case for this situation since the technology is very cheap since it's very old, (b) isn't either since you can't say there's a shortage. The only one that could really affect the price is (c), but that is only somewhat the case due to people still buying it.

But that shouldn't affect the price that much. My take on the matter is that the PS2 should be about 60-70$ give or take 10%.

[QUOTE="Sonwhy"]

I can't figure it out. The console is 10 years old but I guess people still buy it. Maybe its the new trend that very successful consoles won't drop past $100?

Or maybe they won't drop past $100 if its really successful but from the previous gen? I only make that suggestion becuz I can't see ps2 selling for $100 when ps4 is released. By that time ps3 should be hovering around $100 mark or so.

Probably cost 10$ to make lol.

[QUOTE="AndyAlfredo"]

[QUOTE="whisperingmute"]

I don't care what economic status you're at, $100 is not cheap my friend. Especially for a 10 year old console. And it plays DVDs? For someone who flaunts that $100 is cheap, why in the world you use a PS2 as a DVD player. The PS2 produces one of the worst sound qualities for DVDs and it's not even funny. I tried watching the Matrix and I could barely hear out of the speakers even with the volume all the way up. You can get a way better DVD player for $20 new.

whisperingmute

Cheap in comparison to other gaming systems. As for gaming systems, $100 is very cheap. Pop off another $20 for a good couple games and you have it made. Yeah, I'm young, I don't have to pay bills or anything so I have no idea about what cheap is, or I don't know how much $100 is really worth, I don't understand how it is to have to conserve every bit of your money (I've heard it all) but I do know that $120 is not that much if you want a console.

Cheap and expensive varies between people. I remember when I was younger when I didn't have to worry about food, bills, car, etc. and all I did was buy the newest game or save up for the next big console. I'm just trying to apply logic that the PS2 has been around for 10 years. Usually when an item has been around for so long, prices go down. Usually for competition. But now that Xbox and Gamecube have stopped mass production, Sony doesn't really have any competitors for people to play games from that sort of "era". They can put up that $100 price tag and there's no one there to compete. I think even the original Playstation dropped down to the $50 price tag faster than the PS2 will ever reach there.

Look, I'm not trying to attack you personally because of age or whatever. But, $100 for a ten year console is just not something I'm willing to do. I'm much more willing to spend $200 for an Xbox 360 because of the amount of time it's been out and that it's still current gen for the console and for the most part still a fairly new console in the market.

Its the fact that technology drops in price quick. I mean look at the ps3 its been out for a little over 3 years and you can get one for the half the price of what they originally sold for. Also, you could buy a computer that could play ps2/xbox/game cube era games on the pc for a cheap price seeing as lots of those games came out on the pc as well. So if the price drops by 50% every 3 years then the ps3 would be around $75 after about 9 or 10 years.

Now if you look at the ps2 it started out at $300 so in 9 or 10 years after its release it should be around $37 or $38.

Also, people need to take in to consideration that even though the ps2 can play games online for free what is there to play? So by buying an xbox 360 refurbrished and not playing online with it you still have a good selection of games to choose from currently and in the future. I'm thinking of getting a 360 refurbrished if I can't get my ps3 traded in for a slim for the right price.

Another way to look at it to where more people might understand the importance of the pricing would be like ps3 just dropped by 50% to $300 so basically the most it would drop after that would be $50 and it would not go below $250. It relates to the ps2 by ps2 dropping by 50% to $150 then it goes down another $50 to $100 and stays at that price. I can't see ps3 selling at $250 6 years from now is another way of looking at it. Seeing as ps2 started at $300

same rason wii is selling for 200.

because poeple are still buying it:P

It's been said, but it STILL, even after having been in the market for almost ten years, sells like hotcakes. I don't see PS2 sales falling sharply until about the end of this year. The PS2 still has a large library available to consumers (even if most of that library is no longer sold new anymore) and it's inexpensive. Great value if you ask me.

same rason wii is selling for 200.

because poeple are still buying it:P

monson21502

Because it still great and same power as a current gen console that cost twice as much...

Because PS2's entire library of games puts PS3s and XBOX360s library of games combined to shame.