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

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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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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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