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SamuelRSmith on 20 January 2009
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kowenicki said:
SamuelRSmith said:
NJ5 said:
SamuelRSmith said:
NJ5 said:
SamuelRSmith said:
Hang on one cotton-picking second. Sony's had a price hike in the UK. The prices do not reflect that VAT cut.

I think that games and consoles were immune to the price hike...

 

 

 The UK had a VAT cut before Christmas. The price of the consoles have not changed to reflect this. This means that either the stores or the manufacturers are making more profit now.

I thought you were also talking about that report about Sony raising UK prices due to the weak pound. If I had to bet, I'd say the stores are raking in the dough. It's just a 5 pound difference though.

 

 

 That £5 difference equated to an extra £97,395 last week on just the PS3's hardware. All the other hardware + software, it should be making quite a difference on the ol' balance sheets.

Is that sarcasm??  £97,395 spread between countless retailers is peanuts.  Thats why the VAT thing was always a total non event and spin by the inept tosspot running our country at the moment.  Oh.... by the way you do realise why it couldnt go below 15% dont you...  back to our previous debate of the other day... Europe would have to sanction it...  marvellous.

 

 

 Well, I've just done a little more Maths:

2.5% of RRP * Number of consoles sold last week (360 done at assumption that Arcade = 50%, Pro 25%, Elite 25%)

Wii = £150,895
PS3 = £146,092
360 = £135,765
DS =  £82,362
PSP = £36,029
PS2 = £19,530

Total: £570,673.

That was one week. Software and accessories not included. These VAT cuts came in just before the Christmas period, too. January is typically a slow time of the year. No big games were released last week, and nothing major happened in the industry on the whole.

It has a much bigger effect than you think. (My dad's company ended up saving around £100 per day thanks to this VAT cut. That's a big saving for a unit at their size.)

You really wouldn't like my MSN avatar at the moment, of that I can assure you