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Analyst predicts $399 PS3 in 2008

It's time once again to look into the future. That's right, Michael Pachter of Wedbush Morgan Securities, all the way to the year 2008! And what does he see? He says that we should "expect a price cut no later than April, likely to $399 for the 80Gb model" of the PS3.

This would be a $100 price drop on top of the already slashed $499 price he predicted for the holiday season. Pachter believes that Sony's recent IPO announcement, will enable Sony to drop prices even further for early next year. And hopefully, just in time for Metal Gear Solid 4.

[via Joystiq]

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Reader Comments

(Page 1)

1. 2 Points for the Picture. x)
I hate his misleading statements.

Posted at 6:52PM on Sep 7th 2007 by sicklesdawg

2. @1

Seriously... Who the hell is this pachter guy anyway? Someone needs to tell him to shut the hell up already. Just because he gets paid to talk doesn't mean we have to listen and/or obey.

Posted at 8:48PM on Sep 7th 2007 by LOLCat

3. Great pic. I'd like to see more stories with pictures like that.

Anyway, I'd say I have to agree with Michael Pachter on this one. That doesn't mean to take his statements as facts, though. They are just opinions. He has even stated on the Bonus Round that people ask him for his opinion, so he gives it to them. Sometimes he's right, sometimes he's wrong. Check out the interview if you haven't seen it yet.

Posted at 9:06PM on Sep 7th 2007 by Gunegune

4. Great...6 more months of shit sales as people wait for ANOTHER $100 off.

Posted at 9:50PM on Sep 7th 2007 by Kspraydad

5. I think $499 is good enough for the 80GB. Just keep that, forget about bundles, if there are any let the stores promote them so the customers can choose which games they want (like what they do with the wii). And then just depend on the full lineup of games coming in September, November, and next year.

Posted at 9:51PM on Sep 7th 2007 by ruibing

6. Pachter is an analyst for some big company. There was a thing on gametrailers about him, he makes tons of money doing very good analyzing for the company he works for, all the console analyzing he does it simply for fun. He reads tons of gaming webpages, and throws out his analysis for everyone to read. Even though he's only right a percentage of the time, he's apparently very good at his job for whatever company he works for.

Posted at 10:05PM on Sep 7th 2007 by Frank

7. in the year 2000

Posted at 10:22PM on Sep 7th 2007 by jp

8. Why do people pay attention to him? He is wrong like 70% of the time!!!!!!!!!!!!

Posted at 10:40PM on Sep 7th 2007 by el tonto

9. In the year two thooooooousAAAAAAAAAnd...

Posted at 10:42PM on Sep 7th 2007 by muppetmeth

10. Hahahah..I thought the pic was kinda obscure but I guess I'm not the only one that's seen that bit on Conan.

A price cut for the PS3 to $399 before April doesn't make sense. All the huge blockbusters are due out in March and they will move systems regardless of price.

Posted at 12:02AM on Sep 8th 2007 by Popfrogs

11. yo no disrespect but fuck this guy and his predictions. i mean damn he made a livin, and is now famous for predicting bullshit that never turns out to be correct? man hes kinda like uri gueller and his magical bending spoons, or george bush and his iraqi freedom bullshit. so no surprise if people become famous in this world for being stupid. thats how it works unfortunally.

Posted at 12:28AM on Sep 8th 2007 by Jay

12. This guy irks me. Because he's right. Because whenever he speaks, everyone listens, including Sony. But he's pretty damn good.

I can just imagine myself Sony, kicking myself: "Damn that Pachter! For stating the obvious! If he hadn't gone shooting off his mouth like that we could delay price lowering another 6 months!"

But the key here is that Sony is doing their best to accomodate various arenas.

People bitch about no games and few demos, but remember the old days? Of even less games and even less or no demos?

The problem I see for Sony is kinda like the problem I face. They can pay their bills, and they're increasingly covering the debt that is the ps3.

But that's not enough, no, they have to keep lowering their price and keep being sensitive to public scrutiny and sensitivity and they have to fight off bad publicity generated out of greed.

How can you honestly badly publicize a system that has a .2% defective rate? I mean, haven't they done enough, already? But they keep rising to the challenge.

It's like in the 80's, when American cars were crap, ugly, unreliable (extremely), ugly (yes 2x), shit the crappy chrome didn't even meet in places, and Japanese manufacturers said, "You want a Nissan Sentra? Fine. We make them in 3 colors. White, red, and black. Some have air conditioning, some don't. That's it."

But the cars were reliable, efficient, and well-designed.

I forgot what I was talking about.

Posted at 12:57AM on Sep 8th 2007 by John

13. the truth is that this bullshit is cold reading. period. cross the road relentlessly and i can predict you are gonna get hit. Play ball like dwayne wade and i can predict that by acting so reclessly, your game will eventually catch up to you and ul get lots of injuries. hey no bull, we all saw that coming the way he falls on to the floor and all, but back to the topic. patcher can kiss my ass. cuz i just dont like him. period. i can predict that so could microsoft. so could george bush and he's a dumbass. man i cant belive people make a living analizing things like this. which makes me thing. screw college, screw what im studying. im gonna look up this guys info and see what he studiead to get this job and so will i. hey heads up u guys. 'Jay predicts that the ps3 will help reduce the blu ray diodes price so bad theyl actually release eventually cheaper blu ray players. and with oled tvs coming out soon by 2010 lcds will be so cheap everyone will afford them' Psychic, dont u think. time to make my money now!!!!! move over parcher fuk you!!!!!!!!!!!!!!!!!!!!!!!!!!!!

by the way i aint hating on the ps3, just on this guy for being stupid.

Posted at 2:36AM on Sep 8th 2007 by Jay

14. Hidden in all the blow-hard noise there is a bit of projected or "wishful wisdom" here. And that is this: $399 (like it or not) is the psychological celling price barrier for a console regardless of how many bells and whistles are packed into it. Sony is learning this the hard way right now. I am convinced that $399 (if it happens, and it should) will in fact get all of those PS2 "fence sitters" to finally take the Next-Gen plunge!

Posted at 2:52AM on Sep 8th 2007 by Frankenstein Black

15. I agree with Frankenstein Black. There is an insanely huge group of PS2 gamers that will jump ship when the PS3 price drops alittle more.

Posted at 4:54AM on Sep 8th 2007 by Egster

16. But won't that be too late? I thought Christmas 08 was the most important holiday for the PS3, but that probably will become Christmas 09 for a lot of you fanboys.

Posted at 8:10AM on Sep 8th 2007 by SKI

17. #16: Sony knows that this year will be an important shopping season for the PS3, especially considering it marks the 1 year anniversary of the console's launch. However, despite the excellent titles due out by Christmas, the real gaijin smash games are due out early next year. I don't need to name them, people have discussed them since the PS3 was announced. for the reference. :)

Posted at 8:31AM on Sep 8th 2007 by Popfrogs

18. POOR LA-BamBA,,, IN thE Year TWO ThoooousAAAAAnddd

Posted at 9:06AM on Sep 8th 2007 by will

19. @SKI: =o ...this coming year is Christmas 07... So, you're right - next year must the the year for Sony... You WERE talking about next year, right?? =P

Posted at 8:20PM on Sep 8th 2007 by Consolcwby

20. I hope he isn't paid per prediction...he already said this back in July:

Posted at 8:52AM on Sep 9th 2007 by Kspraydad

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