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CB Games Investigates: Will There Be A PS3 Price Drop?

By Andrew Groen: 2007-07-06 06:39:18
Hyp on N4G
CB Games Investigates: Will There Be A PS3 Price Drop? This morning I was extremely excited to hear that there were rather well founded rumors floationg around that Sony would, in fact, be cutting the price tag on the PS3 by one hundred dollars within the next 7-10 days. I even starting nosing through some of my own financial documents to see if I would finally have the spare cash to grab one.

The evidence was pretty solid. A Circuit City add had showed up in a few inboxes stating that the console would be sold for $499 (not the 20gig either) starting July 15th. However, just recently Sony President Ryoji Chubachi told a gaggle of reporters that Sony currently has “no plans” for a PS3 price cut.

Speaking to Reuters, Chubachi said, “At present we have no plans [to lower the price point of PS3].”

I had just received a check for some freelance work I just finished up, when I first heard the news and I was immediately sure where that money was going. I’m positive there were a lot of other people out there who were finally going to take the plunge. Why won’t you just let your product succeed Sony? Why?!

This isn’t being treated by many as a definitive statement though. Even though he out-right says that there will be no price cut, it is widely predicted that there is a price cut planned. The assumption is being made that Sony’s chain of command is so badly confused that they simply don’t know what is happening anymore. But we here at CB Games will make a startling prediction regarding this price cut...but just not right now. Still, make sure you stay tuned in for more information regarding this [more or less] breaking news.

Tips N4G


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  • People wern't buying the 20 gig at that price point, why would the 60 gig have more luck?

    I think sony made the right decision by not taking a price cut, cost for sony is still above retail cost and demand isn't that high at the moment, sony should wait untill their manufacturing costs decrease. Sony won't have much luck this early in the console war, around late 08 is when I would excpect the major shifts.

    buy a used 20 gig if you want one, I personaly think implementing a $100 price cut (and being the first console to do so, despite being the one paying the most out of pocket per unit at the moment) would be a death sentence to the console, not something that would "let their console succeed."

    I own a 60gig PS3, I love it. I paid more than market cost for it. I've owned many 360s (3 of them went dead on me) and the latest one that Microsft sent me as a replacement I just decided to sell, there are no good exclusive titles on that POS console.

    Sony should hold off till AT LEAST september or October before even thinking about cutting price, and WHEN they cut the price it should be for 150 not 100.

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