Pachter: Console price cuts this year, growth to slow after 2008

By Patrick Garratt
21 May 2008 06:56 GMT

Speaking at the Electronic Gaming Summit in the US yesterday, Wedbush Morgan analyst Michael Pachter predicted that both Xbox 360 and PS3 will come down in price this Christmas to the tune of $50 a piece.

This Kotaku report also states that Pachter expects the industry to see between 19-20 percent growth in the US and European markets this year.

Pachter said that unless a new console is introduced in 2011, the industry will “flatline”, with growth slowing up to that point.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 merch