Retail sales plummet, electronics down 27%

[Picko]

Bboid said:

Picko said:
Price cutting by Microsoft and Sony, from 12 months ago, has likely contributed to the decline in the value of retail sales, despite the fact that the volume of consoles sold has increased.

I'm not knowledgable enough about the various prices of those two systems in the US, then and now, to work out whether the price cuts have had a positive or negative effect on sales, although I would assume it's been negative.

 

price cutting has a null effect on sales when consumer demand falls BTW people so stop citing this as a reason.

 

Yeah, this is economically false. Falls in consumer demand have been combined with cheaper production, neither you nor I can say for sure what the end effect is. Please don't pretend as though you do - the effect can be either positive, negative or neutral.