Sebastian: No PS3 price cut this year

Monday, 9 June 2008 13:12 GMT By Patrick Garratt

Lazard Capital’s Colin Sebastian said this morning that while he expects a 360 price drop this year in the $50 region, a PS3 cut is not expected.

“We continue to expect Xbox 360 price cuts this year (~$50 reduction), while Sony appears content to focus on achieving PlayStation profitability at the current PS3 price points,” the analyst said in a note ahead of May NPD data this week.

Sebastian said last month that he didn’t expect to see a drop on PS3 in the US in 2008, this new statement being a reiteration of the message a month previous.