PS3 & Xbox 360 price-cuts as early as February, says Pachter

PlayStation 3 and Xbox 360 could see a price cut as early as February, according to Wedbush Morgan analyst Michael Pachter. He feels that publishers migrating to the PS4 and Xbox One will place pressure on the format holders to slash the price of their units.

It comes from this edition of GameTrailers panel show Bonus Round, in which Pachter said, “I think the publishers are going to threaten the manufacturers, and they’re going to say ‘cut the price of the PS3 and the Xbox 360, now.’ So my bet is: February, price cut happening, because I actually think the publishers are gonna threaten to not support the PS3 and 360 this Holiday – Holiday ’14 – if they don’t see a price cut quick.”

He added, “The good news is: Microsoft can cut to $199 in a heart beat and they won’t lose any money … I mean it’ll cost their profit. And Sony can do the same, they both have manufacturing down there, and I think that’s great for consumers. There are still a hundred million Wii owners out there, probably three quarters of whom have never considered owning a PS3 or a Xbox 360. I think that’s a good opportunity for ten million or more of them to trade up, so that’ll be good.”

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