Announcement

Collapse
No announcement yet.

Analyst: $499 80GB PS3 by year's end

Collapse

Ad Widget

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Analyst: $499 80GB PS3 by year's end

    http://www.gamespot.com/news/6178052...ewstop;title;4

    Today, though, two of the industry's more prominent analysts predicted that the days of the $599 PS3 are numbered. In a note sent out this morning, Wedbush Morgan Securities' Michael Pachter and Edward Woo predicted the 80GB console will also see $100 knocked off its price point before the all-important holiday seasons begins. "The PS3 will remain at $499, with the 80GB model replacing the 60GB model at that same price point," Pachter told GameSpot.
    Pachter and Woo also repeated their prediction that Sony might further discount the PS3 early next year to coincide with two highly anticipated games for the platform: the exclusive Metal Gear Solid 4: Guns of the Patriots, and Grand Theft Auto IV, which is also coming to the Xbox 360.
    Be controversial

    Be outspoken

    Be outrageous

    Just don't be boring

  • #2
    Re: Analyst: $499 80GB PS3 by year's end

    and related...

    Report: Sony prepares for $3 billion IPO

    PlayStation 3 maker to float shares in its insurance division, raising cash for ailing games arm.

    By Emma Boyes, GameSpot UK Posted Sep 4, 2007 6:55 am PT

    Electronics giant Sony is set to sell 725,000 shares in an initial public offering of its insurance unit, Tokyo-based Sony Financial Holdings, reports Bloomberg.
    The deal is likely to be Japan's biggest IPO this year, and trading will start on the Tokyo Stock Exchange on October 11. The stock is expected to raise approximately 332 billion yen ($2.86 billion) for the electronics manufacturer.
    Analysts believe that the funds are likely to be siphoned to the consumer electronics and games divisions of the corporation, to make more Bravia TVs and to offset the losses being incurred by the PlayStation unit--and it may also be a sign that a further PS3 price cut will soon on the cards.
    Mitsuhiro Osawa, analyst at Mizuho Investors Securities, said, "Sony could use the funds for various options to strengthen its electronics and game businesses. A cut in the price of the PlayStation 3 is one option." Osawa rates Sony "outperform," meaning that he thinks Sony shares will do better in the near future than the market overall.
    http://www.gamespot.com/news/6178038...ewstop;title;6
    Be controversial

    Be outspoken

    Be outrageous

    Just don't be boring

    Comment

    Ad Widget

    Collapse
    Working...
    X