Feeds

Sony to slash PS3 price by 25%

'Within 12 months'

Intelligent flash storage arrays

Sony has yet to launch the PlayStation 3 in Europe but already one analyst is forecasting a first-year price cut which will see at least €150 knocked off the €599 launch price.

According to Wedbush Morgan Securities analyst Michael Pachter, cited by GamesIndustry.biz, the price cut will come within 12 months of the PS3's 23 March European launch, he believes.

"The PS3 can command £425 from the hardcore and I think you'll see price cuts a year from now, probably to £300," he said.

Delayed in September 2006 from a planned November 2006 launch, the PS3 will now debut in Europe and other territories that use the PAL TV standard on 23 March, Sony announced last week. Only the 60GB model will be offered at launch, though the 20GB version may appear later in the year, if it's in demand, Sony said. Or if the 60GB PS3 doesn't sell so well, might be a better way of putting it.

Sony said 1m consoles will be allocated for the launch. Pachter said he believes that stack of machines will have been sold by the end of April, a month or so after the launch. UK stocks will "quickly disappear" after launch, he forecast. Pre-ordering appears to be the name of the game, that suggests, just as it was with Nintendo's Wii launch in December 2006.

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Don't wait for that big iPad, order a NEXUS 9 instead, industry little bird says
Google said to debut next big slab, Android L ahead of Apple event
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
A drone of one's own: Reg buyers' guide for UAV fanciers
Hardware: Check. Software: Huh? Licence: Licence...?
The Apple launch AS IT HAPPENED: Totally SERIOUS coverage, not for haters
Fandroids, Windows Phone fringe-oids – you wouldn't understand
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Here's your chance to buy an ancient, working APPLE ONE
Warning: Likely to cost a lot even for a Mac
Xiaomi boss snaps back at Jony Ive's iPhone rival 'theft' swipe
I'll have a handset delivered. Judge us after you try us...
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.