Pachter: "PS3 and Xbox 360 Prices Cuts In Spring

Wedbush Morgan Securities analyst Michael Pachter has published his predictions that we'll see a price drop from Sony on their PS3 down to the $299 mark along with Microsoft reducing the Xbox 360 again around June. However, Nintendo wouldn't need to cut the price, and won't:

“Once the PS3 is at a more affordable price point (we expect a cut to $299 in April), we think that sales of that device will once again begin to grow."

“We expect another cut in price for the Xbox 360, with the feature-laden Pro model likely to come down in price to $249 at or before this year’s E3 show in June.”

“We expect Nintendo to maintain Wii pricing at $249 until the company sees signs that demand is slowing, which means a price cut may not happen until late in the year, if at all."

Source: VG247