PS2 price drop could boost sales 30% this quarter, says analyst

By Patrick Garratt, Tuesday, 31 March 2009 20:30 GMT

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EEDAR’s Jesse Divnich has estimated that today’s PS2 price drop will provide a significant sales boost for the machine.

“In terms of sales, we expect the PS2 price cut to increase hardware sales 30% ahead of last quarter in the North America (January through March 09) and to increase hardware sales by 10% year-over-year for quarter 2 (April through July),” he said in a note.

Sony said earlier today that PS2’s price would come down to $99.99 in the US tomorrow.

“With a mid-range DVD player currently costing $50, an additional $50 to also get a gaming console with the largest software library makes the PS2 an incredible deal – particularly during the current global economic conditions,” Divnich added.

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