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Two points here:

  1. Nobody said they are raising the price of the PS3. I would be shocked if this is one of the products to have its priced changed.
  2. That said, it is obvious that dropping prices is very far from Sony's business plan right now. The exchange rates are killing them so just maintaining the current prices is a struggle. The currency exchange situation is going to delay the return to profitability of Sony's gaming division and therefore the so anticipated PS3 price drop.

Unless there is a dramatic change in the Yen/Euro exchange rate, there is will be no PS3 price drop until the next holiday season.

 



Prediction made on 11/1/2008:

Q4 2008: 27M xbox LTD, 20M PS3 LTD . 2009 sales: 11M xbox,  9M PS3