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The PS3 doesn't need a price cut at all.

The 360 may have seen spikes, but they aren't going to last. Its Japan sales have nearly returned to normal, and its US sales saw a drop of 19,000 last week. They probably drop even further this week, and Euro sales will be back to normal in a few weeks as well.

The holiday season is coming up, so there's no reason for Sony to drop the price. All a price cut would do is cause them to lose untold millions of dollars for a very minimal gain. The best time for a price cut would be after in holidays in February or March when it would be more effective.


 

Consoles owned: Saturn, Dreamcast, PS1, PS2, PSP, DS, PS3