Pachter Expects PS3 Price Cut by April

Quite a fuss has been made over the price comparison chart Sony released last week which pitted the PS3 against the Xbox 360 and Wii in a comparison of value. The biggest problem with Sony's argument is the high price -- $400 is a lot of money. A price drop would undeniably be a major boon to Sony's cause, and Wedbush Morgan Securities analyst Michael Pachter thinks a drop may be coming soon. In a note to investors, Pachter has predicted that the 80GB PlayStation 3 will see its price dropped from $399 down to $299 by April. Pachter added, "Once the PS3 is at a more affordable price point, we think that sales of that device will once again begin to grow." But if everything develops as Pachter believes it will, we'll be seeing Microsoft further drop the price of the 360 at E3 -- although it'll be the premium SKU that sees the drop, not the Arcade -- from $300 to $250. (link)