Rumor: PS3 Price Cut in August

Analysts say Sony is all but ready to cut the price of the PS3 later this Summer, just before the launch of Madden on August 18.

Industry Gamers today reports that Sterne Agee analyst Arvind Bhatia writes in his latest industry note that “industry sources indicate Sony is planning a $100 price cut on the PS3 in mid-August, just prior the launch of Madden (8/18) and the start of the back to school shopping season,” adding that this will, “naturally be a positive for the industry.”

Similar rumors did the rounds in March, which turned out to be a price cut for the PS2. Granted a $99 PS2 is nothing to turn your nose up at, but a lot of gamers were disappointed that there wasn’t a grain of truth to the PS3 price cut rumors.

According to IG, Bhatia also said that while software sales for the first half of the year are behind that of 2008, "the second half, in contrast, will likely be up ten percent to 15 percent driven by a robust lineup, easier comparisons and potential price cut(s)."

We’re seriously hoping this time around, Sony will deliver.

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  • Kami3k
    We've heard this many times before, I'll believe it when I see it.
    10
  • Other Comments
  • Kami3k
    We've heard this many times before, I'll believe it when I see it.
    10
  • Kill@dor
    Y
    kami3kWe've heard this many times before, I'll believe it when I see it.


    Yea, but if its true, i'm jumping on that wagon. I have been waiting to get one for a long time now...
    2
  • eklipz330
    on top of that, ill be betting that they're gonna be releasing the slim model as well... i know it's real, the psp go and ps3 slim boxes were way to similar to be faked...im pretty sure the slimm will be out before the end of the year
    -3