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Tallgeese101 said:
If increasing revenue from console sales was the reason for the price cut then it was a failure.

However it was to increase the volume of sales. PS3 and Wii are down YOY 360 is up. Hence the price cut was a success.

Not to mention revenue =/= profits.  The PS3 would likely be better off if it made less revenue by focusing on each console making a profit.  They'd sell less but make more $$$.