PS3 hardware races up the charts after price cut

[Acevil]

CGI-Quality said:

Acevil said:

CGI-Quality said:
Some of the comments in here are priceless.

Anyway, I believe the system will start to sell like mad now, good for Sony, good for the industry!

Actually Price cuts/competition are rarely good for the industry, but good for the consumer.

Um, without the consumer, how would the industry survive?

Well if you look at the long run, price competition just brings up demand for a short bit and than it goes back down to normal levels. Also consumer exists when demand exists, other ways of getting demand up besides price... price  is the quick fix and it usually cuts profitability or makes a bigger lose. Given I think sony had no choice at this point, but I don't think it was good for the industry. (again this is assuming microsoft responds with another price cut as well)