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ssj12 said:
the PS2 has a good bit of life in it. Also the Ps2 is definitely going to be the bargain console now.

I expect improved sales, I wonder though, how much profit do the make now on the PS2 to warrant this price cut.

 

I'd assume it costs them under $50 to make.   I know the EE+GS alone only cost ~$17 back when Sony removed BC from the ps3, and I'm sure costs have gone down further since then.

Let's say the ps2 costs $50, and they start selling it to retailers for $95, whiel they used to sell it to retailers for $125.  They'd have to have a near 100% increase in weekly sales to make back the loss in profit per unit (going from ~60k a week to ~100k).  That's assuming that they cost that much to make, however.