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withdreday said:

I just can't see any other reason they won't cut the price. They were are in position to put their foot on Sony's throat on several occasions with a price cut this gen, and they didn't, which leads me to believe they still want to turn a profit on the console.


In oligopolistic competition you don't pay attention to what the competition is doing. Sure, they could cut the price, or they could continue selling really well at the current price earning a larger profit.