in america the 360 is the favourite but ps3 will still kickm the 360's ass all over europe and japan this x'mas even with the high price! europeans dont give a shit! the more expensive, the better in europe. anyhow sony are probably just waiting to see what the full effects of the 360 price drop are and then they might decide if they should drop the price. obviously they are going to keep saying NO PRICE CUT THIS YEAR! but its sony right? whos going to believe what they say?

everyone will deny a price drop right up until it happens so that customers will keep buying it at higher prices, it isn't just a Sony thing.

I didn't mean to imply everyone except certain states were up s*** creek, just that in the AP article they mentioned a handful of states that were posting 100+ million dollar surpluses and they were refered to as "poor, rural" states.  Its just that the media ignores everything that isn't on the east coast/California unless there is a natural disaster in that case they are all over it because bad news drives ratings and sells newspapers.

here ya go another article/thread where it is clear sony will not drop prices

edit whoops forgot to put in the link

http://www.vgchartz.com/forum/thread.php?id=45093&start=0

ah my bad then, and very true, i feel this is very overblown unless you are a retiring baby boomer. 24 hour news networks drive and kill the stockmarket

that I agree with 100%.

Just to reiterate, I wasnt saying Sony will drop the price. Also I dont doubt that Sony will rather make a profit right now. But by no means is this only applied to America. The UK is hit pretty hard by the problems of US as Imentioned in posts on the first page. Plenty of articles in the UK and papers show the UK economy hit hard. More importantly lending is so hard to get in the UK now, and thats how most people shop at christmas.

My point was in terms of Market share the price is certainly more of a factor this christmas regardless of games. It applies more to families who buy christmas presents for their children. I'm a father and own a respectable house in the UK. The crunch certainly has had an affect on my life and we have 2 incomes. The Wii and 360 are positioned great in price for the holiday with the fact that lending is very very hard to come by.

He means most people adopt a "Christmas on the Credit card" philosophy

Its just they are so worried about all the economic problems that the credit card is staying in wallets a lot more than it would have before now.

Do you realise the effect this has had in the UK? Most banks in the UK have ties to America. Hence why the Bank of England has had to bail banks here out. 12 European banks have been hit hard by this. It affects mortgages and lending. Which in turn affected housing market (worst in 12 years in UK) and borrowing is all but extinct at the moment. Retailers here also have not been able to get any more funding from banks leading to 3 administrations so far. Its a very bad credit crunch. Now you see the reason for my OP. Theres more posts on Page 1 with links that I did. Read those for more understanding. By NO means is this just Americas problem.

On the other hand, the Hong Kong and US markets are way up this morning, and it's possible that with a little luck we may pull out of this tailspin in the nearterm.  It all depends on whether or not people continue to panic about the mortgage/banking issue.

Still lots of work to do to fix the mortgage/banking industry, but at least the ripple effect may be subsiding.