PS3, Xbox 360, Wii and Wii U Price Cuts Expected – Michael Pachter
Release of Xbox One and PS4 will see current gen consoles drop in price further.
In its E3 preview note for investors, Wedbush Morgan outlined suggest retail prices for the Xbox One and PS4. Analyst Michael Pachter afterwards suggested that the current generation of consoles, like the PS3, Xbox 360, PlayStation Vita and Wii, would see price cuts. The PS3 and Xbox 360 would each cost $50 less, while the Wii will drop to $99.
Meanwhile Pachter stated the Wii U will possibly see a price cut of $50 to help boost bundles. He stated, “Nintendo risks losing additional share to its console competitors if the quality and volume of content available for Wii U does not pick up markedly in the near-term.
“In addition, if the Wii U’s popularity does not improve by the end of the year, many third-party publishers may pass on producing games for the console. We note that EA recently announced that it had no Wii U games in development, and it remains a possibility that the publisher will abandon the platform entirely.
“Should other third parties follow EA’s lead, the Wii U could be relegated to a first party only platform.”
Source: GamesIndustry International