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Did you skip out on motion control console packages due to outrageous prices? Is the burden of children still bugging you for them getting you down? Well, analyst, Michael Pachter, seems to believe that we should be seeing a drop in prices this year. Pachter believes that all three systems will be dropping their price due to keeping their prices high throughout last year.
"After maintaining console prices at historically high points throughout 2010, all three console manufacturers appear to us to be poised for price cuts in 2011," Michael Pachter wrote in a note to investors earlier this week.
Pachter adds that Microsoft he predicts Microsoft will have a drop in price around June. He explains that he feels that they will do so the first month it experiences year-over-year monthly sales declines. June seems to fit this equation.
Pachter added that Microsoft could reduce the 250GB Xbox 360 Kinect bundle to $299 from its current price of $399.99.
He also assumes that Sony will MOVE on the competition and "bundle Move with a PlayStation 3" at $299 to match Microsoft's offering. Right now, you can pick up Sony's 160GB console for $299.99 and the PlayStation Move controller for $49.99. A 320GB PlayStation 3 Move bundle is available for $399.99.
Then the competition phase will trickle down to Nintendo. Pachter did make mention that Nintendo will "cut the price of the Wii until it is ready to launch its next-generation console." Does Pachter have an ETA of this announcement? But of course....this year's E3 convention in June.
That would be something. Last year Nintendo dropped the 3DS on us, this year a next-gen Nintendo console? Of course none of the companies are commenting on the good ol' "rumor and speculation" statements made by Pachter.
For some reason, I feel we need music to cue and have a radio voice saying, "It's time for another one of....PA PA PA PA PACHTER'S PREDICTIONS." No? Meh, I thought it was enticing.
Continue reading on Examiner.com: Console price drops heading our way? - National Video Game | Examiner.com
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