Analysts Predict PlayStation 3 Price Cuts in 2009

January 15th, 2009

Although it’s not yet official, most analysts expect the NPD Group’s January video-game console report to show Nintendo’s Wii game console as the clear winner for December, with the Xbox 360 a distant second.Analysts are also predicting that even as Sony’s PlayStation 3 begins to gain some momentum, price cuts may be just around the corner as the once-leading console maker struggles to compete against its less-expensive competitors.

“We expect December {video-game] sales of $2.625 billion — up 10 percent compared to December 2007′s $2.39 billion. We expect next-generation software sales of $2.42 billion and current-generation software sales of $205 million,” said Michael Patcher, an analyst at Wedbush Morgan. “Our forecast reflects growth of four percent year-over-year for Xbox 360 software, 71 percent growth for Wii software, and 48 percent growth for PS3 software.”

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