Feeds

Sony preps PS2 price cut

Down to $129 by the end of the month, analyst claims

The essential guide to IT transformation

Sony is close to announcing PlayStation price cuts, in the US at the very least. Stateside, the price will fall from $149 to $129 before April is out, an industry analyst forecast yesterday.

Citing "industry checks", Lazard Capital Markets analyst Colin Sebastian told clients the price-cut would be made to "bring the current-generation consoles within reach of more value-oriented customers" and to "drive demand at the end of a console cycle", Reuters reports.

Sony is certainly expected to reduce the PS2's price in the run-up to the launch of the PS3 in November. The consumer electronics giant is believed to have earmarked an 8 May event to detail further PS3 specifications, the initial games line-up and, crucially, pricing, so a PS2 price cut ahead of such a revelation would make sense.

Sony needs to help sales of the older machine along while many consumers hold back from making a purchase until the PS3 debuts. A lower PS2 price might just tempt them to buy early. ®

Boost IT visibility and business value

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Apple to build WORLD'S BIGGEST iStore in Dubai
It's not the size of your shiny-shiny...
Just in case? Unverified 'supersize me' iPhone 6 pics in sneak leak peek
Is bigger necessarily better for the fruity firm's flagship phone?
Steve Jobs had BETTER BALLS than Atari, says Apple mouse designer
Xerox? Pff, not even in the same league as His Jobsiness
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?