PS3 News

Pachter: PS3 price cut to come this summer

160GB model could drop as low as 199 USD

Vocal Wedbush Morgan analyst Michael Pachter has been voicing his opinions on the possibility of a price cut coming for the PS3 this year.

Pachter believes that, with all the big releases that the PS3 is seeing this year Sony may be able to find the space to drop the price of the PS3 some time in the summer possibly announcing it in June at this year's E3.

He said: "We expect PS3 software sales to spike when several high profile releases launch in the coming months, and believe that overall PS3 software sales would benefit immensely from a hardware price cut, expected in June."

There may be room for the basic 160GB model to drop from its current 299 USD price point in the states to as low as 199 USD in order to help maintain the console's momentum on the back of releases like LittleBigPlanet 2 and Killzone 3.

Thanks IndustryGamers.