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Premium Xbox 360 expected to drop $50 at E3 while Wii stays at $250.

Quite a fuss has been made over the price comparison chart Sony released last week which pitted the PS3 against the Xbox 360 and Wii in a comparison of value. The biggest problem with Sony’s argument is the high price — $400 is a lot of money. A price drop would undeniably be a major boon to Sony’s cause, and Wedbush Morgan Securities analyst Michael Pachter thinks a drop may be coming soon.

In a note to investors, Pachter has predicted that the 80GB PlayStation 3 will see its price dropped from $399 down to $299 by April. Pachter added, “Once the PS3 is at a more affordable price point, we think that sales of that device will once again begin to grow.”

But if everything develops as Pachter believes it will, we’ll be seeing Microsoft further drop the price of the 360 at E3 — although it’ll be the premium SKU that sees the drop, not the Arcade — from $300 to $250.

Sony denied the rumor that they would be dropping the PS3’s price in March — a rumor which stemmed along with many others from a purported Sony staff briefing back in November. While plans may or may not have changed since then, we do now know that Sony is expected to post an annual operation loss of roughly $1.1 billion. The loss might imply that Sony isn’t willing to begin bringing in even less money on each PS3 sold, but they also might be looking to jumpstart sales — and there aren’t many better ways of achieving that than a price drop. Read More at-

http://www.escapistmagazine.com/news/view/88627-Analyst-Predicts-PS3-Price-Drop-in-April

http://ds.ign.com/articles/944/944483p1.html

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