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"Industry sources" point to $100 PS3 cut this August

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Sterne Agee analyst Arvind Bhatia said in a note yesterday that chatter's pointing to a summer price cut for PS3.

"Industry sources indicate Sony is planning a $100 price cut on the PS3 in mid-August, just prior the launch of Madden (8/18) and the start of the back to school shopping season. This will naturally be a positive for the industry," she said.

Hey, everyone! Gamescom's on in mid-August!

Thanks, Industrygamers.

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Patrick Garratt

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Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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