PS3 price cut coming July 12th! $499!!

[TheFaze]

http://kotaku.com/gaming/truth/retai...cut-275456.php

[CptGreedle]

Oh man! I just bought mine! No fair!
I sure hope Best Buy will let me do a price match thing for a PS3.
(They said something like if someone local or thhey themselves lower the proce of something within so many days, I can get a refund for the difference)
I better check that out.

[Footloose301]

Originally Posted by CptGreedle

Oh man! I just bought mine! No fair!
I sure hope Best Buy will let me do a price match thing for a PS3.
(They said something like if someone local or thhey themselves lower the proce of something within so many days, I can get a refund for the difference)
I better check that out.

I think the limit is within 14days...

[The Don]

Originally Posted by Footloose301

I think the limit is within 14days...

where does it say it?...

maybe the 5 free movies is within a 14 day window..

[doctorD]

Originally Posted by CptGreedle

Oh man! I just bought mine! No fair!
I sure hope Best Buy will let me do a price match thing for a PS3.
(They said something like if someone local or thhey themselves lower the proce of something within so many days, I can get a refund for the difference)
I better check that out.

I believe Best Buy has a 30 day price match on items...at least that is what it use to be!

[The Big Blue]

link

"At present we have no plans," to cut the PS3 price, Ryoji Chubachi told Reuters in an interview.

Alright damnit! WTF is going on? I really hate this cya crap.

[Disturbed350z]

Yeah, as it is at my best buy...it should be with all with the 30 day price guarantee
I can't complain about getting mine a few months ago tho....since there is no employee discount on the systems I got mine from gamestop instead of BB...used the ps2 trade in discount they had and brought in like $80 in old games...got the ps3 for like 420

but this is great news honestly
if it is indeed a full price drop...that'll bring it down to match sony's new blu-ray player....and will be only 20 more than the 360elite


The contradictory statement that Chubachi makes in that article could just be so they can unveil it at E3 instead of having it come out before...it's happened before with things like this

[calgarymarc]

In a just-published interview with Reuters, Sony President Ryoji Chubach denied these most recent rumors of a pricecut, saying "at present we have no plans" to lower the game console's price.

http://uk.reuters.com/article/techno...6?feedType=RSS

[monkeytap]

Originally Posted by calgarymarc

In a just-published interview with Reuters, Sony President Ryoji Chubach denied these most recent rumors of a pricecut, saying "at present we have no plans" to lower the game console's price.

http://uk.reuters.com/article/techno...6?feedType=RSS

could the circuit city discount be an individual company decision? maybe they have to many sitting on the shelves?

[TheFaze]

Apparently, the price cut is timed for E3, which is next week. So the price cut will be effective on June 12th nationwide, not just at Circuit City. On June 15th, a Sunday, the price cut will be advertised in all the ads.

[CptGreedle]

I bet Sony is just saying it to throw people off (it isn't the first time a large company denies something that really is true). Perhaps to make MS feel more secure with the 360 to catch them off guard? Or to build the hype? Who knows... maybe they really aren't going to lower the price yet.
Lets just wait and see what happens.

[BigRick]

Hey Guys This Isnt Only For Circuit City. My Brother Works At Best Buy And Had To Scan In The Prices Of The Upcoming Ads. He Scaned The PS3 And It Said $499 So Its True I already Have One So That Sux LoL

[mcy_999]

http://uk.reuters.com/article/techno...6?feedType=RSS

Sony's President apparently hasn't heard about the rumour concerning the price cut. This flip flop will hurt PS3 sales in short term while people are waiting for the real news.

[The Don]

I will let everyone know on sunday I think..

[Blus Brother]

whatever Sonys Presidents name is, If there is going to be a price cut after E3, he is just playing it down. Like he wants to be the one to announce when he feels the right time for it. Makes him feel important or something. Just my opinion.

[k20king]

Dang, Everyone relax!!! Breathe!

This is amazing news that we dont want to overblown to epic proportions.

If so, I am buying a 2nd PS3

Go Blu Ray!!!

[Manco]

This from GameDailyBiz...

http://biz.gamedaily.com/industry/feature/?id=16721

They seem to confirm it from one of "World's Biggest Retailers".

[thunderhawk]

Sony rules out a PS3 price cut to attack Wii

Sony said that it would resist pressure to compete on price with Nintendo's Wii, which costs less than half the PS3

Sony has ruled out cutting the price of the PlayStation 3, despite the console struggling badly against Nintendo’s rival Wii.

The PS3’s relatively high price — about £400 in the UK — has been cited as one of its key disadvantages against the Wii, which retails for less than half that.

The latest industry figures suggest that the Wi is outselling the PS3 by two to one in the UK.

In Japan the ratio has been put as high as five to one.

Margins on the Sony console, the development of which ran late and well over budget, are a big problem for the electronics giant, and the machine is expected to be loss-making well into next year.

Selling consoles at a loss to stoke demand for higher-margin games software is a common tactic.

But pressures to keep the price of its next-generation Blu-ray DVD players buoyant may also be playing on Sony’s mind.

The incorporation of the initially problematic Blu-ray technology in the PS3 was one cause of the machine’s delay and lofted price.

Blu-ray has won greater backing in Hollywood than Toshiba’s rival HD DVD format partly because the PS3 was supposed to provide a wide base of players to further support demand for the format.

However, one top Hollywood executive told Times Online that while Blu-ray looks to be beating HD DVD in terms of sales, Sony’s reluctance to cut the price of players was beginning to worry studio executives.

“This looks like a replay of VHS versus DVD, right?" he said. "Sony lost that and needs to get this one right. By keeping player prices high, I’m not convinced they are.”

Although analysts suggest that Blu-ray has the early upper hand in terms of sales, neither rival format has achieved widespread adoption.

The latest industry figures suggest about 350,000 Blu-ray movies have been sold in Europe this year, a fraction of the overall market, despite sales asoaring 1,000 per cent after the launch of the PS3 in March.

Blu-ray leads HD DVD in Hollywood support, having won the exclusive backing of five studios: Sony, Walt Disney, Twentieth Century Fox, Lions Gate and MGM.

By contrast, only Universal has opted to back HD DVD exclusively.

Paramount and Warner Bros are making films available on both formats.

Across its business, Sony said that it expected to achieve its target of a 5 per cent operating margin this financial year.

Separately, Microsoft said last night that it would take a charge of more than $1 billion (£497 million) after admitting to selling faulty Xbox 360 games consoles.

The group is to expand its global Xbox 360 warranty to cover for the problem — identified by an error message of three flashing lights — to three years.

The confession will come as a blow to the US group, which is locked in a three-way console war with Nintendo and Sony.

Bill Gates, the Microsoft co-founder and chairman, regards the Xbox 360, which was launched in 2005, as the centrepiece of the group’s home entertainment strategy.

Source: http://business.timesonline.co.uk/to...cle2036574.ece

[Dave Mack]

So is this permanent or not?
Why the denials...?

[aaronwt]

Hopefully it's permanent so MS will drop the price of the 360. Then I can get the difference back on my Elite. Although that would also make my two pearl units worth less.