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PS3 price cut expected “later in the year,” says THQ boss

Wednesday, 6th May 2009 22:22 GMT By Patrick Garratt

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THQ’s Brian Farrell has just described PS3 as a “challenging” format, saying he doesn’t expect the machine’s retail cost to drop at E3 in june.

“We’re not expecting a [PS3] price cut at E3, but we do expect one later in the year,” said the CEO.

“That’s just our guess… [and] not based on any knowledge from Sony.”

Farrell was speaking in THQ’s Q4 and year-end earnings call, which is ongoing.

THQ announced losses of over $430 million for the year ending March today.

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4 Comments

  1. Bleak Harvest

    Yeah, I’ll pay attention to the words of a company that lost $430million.

    #1 6 years ago
  2. Seraphemz

    Ouch..

    #2 6 years ago
  3. Gamoc

    @Bleak Harvest – EA lost $1 billion.

    #3 6 years ago
  4. blackdreamhunk

    Alot of console game companies are either going bankuprt or losing money. 3D realms just went bankuprt NO More Duke NUKEM for ever!

    http://www.shacknews.com/onearticle.x/58519

    #4 6 years ago

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