Sections

PS3 and Xbox 360 price-cuts as early as February due to publisher demands, says Pachter

Monday, 20th January 2014 09:49 GMT By Dave Cook

PlayStation 3 and Xbox 360 could see a price cut as early as February, according to Wedbush Morgan analyst Michael Pachter. He feels that publishers migrating to the PS4 and Xbox One will place pressure on the format holders to slash the price of their units.

We recently heard Pachter predict that PS4 will outsell the Xbox One by 30% through 2016. Hit the link to find out what he said.

It comes from this edition of GameTrailers panel show Bonus Round, in which Pachter said, “I think the publishers are going to threaten the manufacturers, and they’re going to say ‘cut the price of the PS3 and the Xbox 360, now.’ So my bet is: February, price cut happening, because I actually think the publishers are gonna threaten to not support the PS3 and 360 this Holiday – Holiday ’14 – if they don’t see a price cut quick.”

He added, “The good news is: Microsoft can cut to $199 in a heart beat and they won’t lose any money … I mean it’ll cost their profit. And Sony can do the same, they both have manufacturing down there, and I think that’s great for consumers. There are still a hundred million Wii owners out there, probably three quarters of whom have never considered owning a PS3 or a Xbox 360. I think that’s a good opportunity for ten million or more of them to trade up, so that’ll be good.”

Are you holding on to your current-gen consoles for the time being? Will you wait a while before trading up for next-gen machines? Let us know below.

Via DualShockers.

Latest

12 Comments

  1. The_Red

    I don’t know… Not only this move will literally destroy Wii U’s remaining chances (however small were they), this could also cannibalize some of PS4/XB1′s sales. With a $150-200 360 on the market, the idea of paying 300 for Wii U or 500 for XB1 would seem too unappealing for the masses.

    #1 8 months ago
  2. RPRezo

    “I actually think the publishers are gonna threaten to not support the PS3 and 360″

    So, more games that are only available on nextgen, making them even more attractive to buyers? I’m sure Microsoft and Sony will shit their pants in fear of such a threat!

    #2 8 months ago
  3. freedoms_stain

    Yeah, definitely makes sense to not support the installed base of over 100 million in favour of the installed base that’ll be 10-15 at best by the end of the year.

    Why make cheaper games you can sell a lot of when you can make expensive games you can’t sell a lot of and can’t charge a great deal more for?

    #3 8 months ago
  4. CyberMarco

    @1 Yeah, for someone who doesn’t own any of the 3 consoles, he would probably get a better value in buying either a PS3 or XB360 instead of the WiiU.

    Currently I can find a PS3 for 177€(12GB HDD) or 235€(500GB HDD), an XB360 for 135€(4GB HDD) or 180€(250GB HDD, 190€ with TR and Halo 4) and a WiiU for 260€(8GB HDD Basic) or 300€(32GB Premium with Zelda HD or NintendoLand).

    #4 8 months ago
  5. drewbles82

    @3 agree with you. A lot of people expect game makers to only bother with next gen but that a really bad business decision. I love my 360 and the amount of games i still havent opened, backlog to buy, arcade ones i got cheap and 2free games a month, im gonna be using my 360 for a few more years.
    The game makers obviously want to sell as many games as possible and at the moment, thats still last gen systems and its gonna take a while before that changes.

    #5 8 months ago
  6. xxxGamesMasterxxx

    I’m holding onto my PS3 for now because of free online play. When they stop making games for it, that’s when I’ll upgrade.

    #6 8 months ago
  7. ChameleonX

    I will buy a PS4, just not yet. I can’t justify dropping $400+ right now. There’s no real incentive to upgrade.

    Also I still have many games left in my backlog of PS3, 360, and Steam collections and not as much free time to play games as I used to because I dunno, adult responsibilities.

    #7 8 months ago
  8. OlderGamer

    I see just the opposite being the case. I own a PS4, and feel that the system has very little to offer gamers. It just launched, so I get it. But it has next to nothing to play. Same is clearly the case with the X1. And the games that are out are NOT significant steps forward from their PS360 counter parts.

    There isn’t much to move the gamers from the old established system to a new one. Price cuts or not on older hardware, I don’t see people moving forward. However the people willing to invest 400usd or 500usd on next gen hardware, aren’t likely the same ones that don’t already own PS360 hardware. Therefore in most cases it isn’t a choice between cheap old gen or expensive next gen. Those people wouldn’t buy a next gen system anyways. What it might do is pick up the sales of current gen system to NEW users. The lower income budget gamers.

    So I think the price cut of PS360 will have little or no impact on next gen hardware sales.

    What I strongly disagree with is the idea that publishers are in a hurry to abandon PS360 for next gen. Why would they walk away from making money? I also tell everyone I know that asks, to keep your cash and wait on buying next gen hardware right now. It just isn’t worth it. Stick with your current systems, buy cheaper, older games you might have missed.

    It could take years for this gen to die. And not even die, to even get to a point where moving on makes sense. I think in a franchise heavy industry, the current gen will continue to see the same year to year releases as the next gen systems for years to come. Titanfall and Destiny(being two of the biggest new games this year) will both be on current and next gen systems. The only system I see as not being viable to own will be the WiiU. But if you are sitting on current gen hardware, think of how much you could fill out your library with 500usd.

    So I think that is the bigger issue. How do platforms rapidly expand their new systems?

    #8 8 months ago
  9. Gigabomber

    I know a guy like this: they mainly love to hear themselves talk. Thank godness for 24 hour news feed or we might have missed his keen insight.

    #9 8 months ago
  10. Fragpuss

    Considering Pachter is wrong in virtually every single thing that ever gets posted about him saying, i wouldn’t really put too much stock in any of this

    #10 8 months ago
  11. Tormenter

    As a pc user.. I have decided to buy my first console… I’ll be buying a ps3 when they get cheaper.. I like the Sony games list.

    Persona 5 here I come.

    #11 8 months ago
  12. Hyperx64

    I already own an Xbox One. Xbox360 and PS3 are well past their use-by date. I was glad to move on. 7 years was a long time for a console-generation. I still prefer 5 years. The past is behind us. Finally.

    #12 8 months ago

Comments are now closed on this article.