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zorg1000 said:
Munkeh111 said:
I think they will both cut the price

Certainly the PS3 won't have any backwards compatibility, so that won't be taking away any sales. I think the key thing to consider is that the people buying consoles now (and waiting for a price cut) won't be considering buying a console for $400+

Maybe I'll get myself a spare


Good point, the only reason then is not wanting to hurt there profits with consoles coming out that sell at a loss. Microsoft probably wont mind since Live makes so much money and they can afford to take a hit. Sony thought might not want to but have to as a reaction to 360 price drop, also PS4 probably wont sell at nearly a big a loss as PS3 at launch so maybe they can afford a cut.

Hey! Sony actually made a profit recently!

Anyway, given the length that the consoles have been at this price point, they definitely have some sort of headroom for a cut which maintains their profitability