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Sony CEO: Sorry, No PS3 Price Cut

Sony CEO Sir Howard Stringer reportedly "brushed off" concerns that the company's PlayStation 3 console was too expensive, which suggests the company has exactly zero plans to cut the price of the console.

Rumors of a PS3 price cut have been doing the rounds since March. Those rumors turned out to be a price cut for the PS2 and, while a $99 PS2 is nothing to turn your nose up at, a lot of folks were disappointed that there wasn't a similar price cut for the PS3.

At the beginning of June those rumors got a refresh when Agee analyst Arvind Bhatia wrote that, according to industry sources, Sony was 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.

Unfortunately, if Stringer's comments at the Allen & Co conference in Sun Valley, Idaho are anything to go by, there will not be a PS3 price cut in time for the Madden launch. When asked about Activision Blizzard CEO Robert Kotick's recent comments about dropping support for the console if there wasn't a price cut soon, Stringer said, "He likes to make a lot of noise. He's putting pressure on me and I'm putting pressure on him. That's the nature of business."

There you have it. PS3 price to stay as is.

  • eklipz330
    ill be the first to say it

    BULLLSHITTT

    remember when they were denying claims of a new psp? what about ps3 slim? they are doing what any good company would do to sell their products... lie.
    Reply
  • dragonsmacker
    If they do not do a price cut soon.... I have no reason to buy it. It is overpriced, especially in today's market. I'll hold out until the end of August or so, then I'll get an Xbox 360.
    Reply
  • nobrainer
    Why would they say yes - we are cutting the price..? then all sales (as dismal as they are)would dry up now... not a good business model.
    Reply
  • jwl3
    Consoles suck. The trend from game makers has been to try to force us PC gamers to switch to idiot consoles with no patchability or moddability. Add to that the outrageous $60+ console game prices and the outdated technology and what do you have? A $400 paper weight. For $400, I can get a decent computer that can do so much more than a console.
    Reply
  • duckmanx88
    JWL3For $400, I can get a decent computer that can do so much more than a console.
    ok. provide those specs please. case, psu, cpu,gpu, motherboard, fans, cpu cooler. p.s. games can be patched on consoles. derp derp.
    Reply
  • tenor77
    No price cut? No sale.

    I partially agree with you JWL3, that you can build a decent PC for the price of the PS3- sans Blu-Ray drive (if you even cared about that). The problem is that so few companies still make games for the PC that we're forced to stick with consoles if you want to do gaming.
    Reply
  • dman3k
    Yes, tell people to hold off till later to buy a PS3... sounds good... LOL. Of course he's going to deny it.

    But instead of dropping the prices on the PS3, they should just drop the prices on games and blu-ray movies. If PS3 games are even just $5 cheaper than their XBOX counter parts, a lot more people would by the PS3. And if blu-ray movies prices dropped $5-$10, a lot more people would want a blu-ray player, and the PS3 is the best for the money as a blu-ray player - not the best blu-ray player nor is it the most efficient.
    Reply
  • scook9
    It still remains that if you just build a HTPC with a decent dual core and a good graphics card (mine has a G92 8800 GTS) you get the best of every world. Media, Gaming, Upgradeable. Add to that an xbox 360 controller, and you are in good shape.
    Reply
  • seraphimcaduto
    As a console gamer for the past 15 years, it doesn't make sense to buy the PS3 for $400 when I can get a $60 blue-ray player for the PC. Yes I know that you still need software to play the movies, but you get my point?
    Reply
  • chattdls
    duckmanx88 07/08/2009 5:57 PM Hide Insert quote. Report -1+

    JWL3 :

    For $400, I can get a decent computer that can do so much more than a console.



    ok. provide those specs please. case, psu, cpu,gpu, motherboard, fans, cpu cooler. p.s. games can be patched on consoles. derp derp.


    here's a link for some cheap custom builds.
    http://www.tigerdirect.com/applications/category/category_slc.asp?page=2&Nav=|c:332|&Sort=4&Recs=10
    you add a video card like a 4850. and you are right at 400 bucks.
    Reply