Did Sony get too cocky not matching the Xbone's price drop this holiday season?

[ICStats]

Mr Puggsly said:

ICStats said:

Mr Puggsly said:

I doubt MS is sacrificing the kind of money on X1 Sony sacrificed on PS3. Sony was losing hundred of dollars on each unit sold and had to do price cuts almost year after year.

They were losing billions even while PS2 and PSP were selling in droves.

That's true, but MS sacrificed billions to buy Minecrfat.

I think X1 is likely losing money for them due to: $50 cut + bundled 3rd party games + generous trade-in offers + buying off exclusive games.  However, due to the fairly "low" sales, losing $100 per-console for X1 is less hurtful than it would be for Sony.

They didn't sacrifice billions, they invested billions! Its a top selling game on Playstation platforms!

I'm sure MS is sacrificing money on the price and game bundles. But I don't believe its the kind of money Sony lost on PS3 or MS lost on 360 hardware issues.

IMO they will never recoup their investment in Minecraft.

PS4's baseline has been 2 to 3 times higher than the XB1 this year, so for Sony to just match Microsoft's $50 price cut they would have to sacrifice 2 to 3 times the revenue that MS is, in order to bump sales.  A permanent $50 cut for PS4 would likely equal near $1Billion lost income in the next 12 months, which is surely not what Sony can afford.  Sales are already past Sony's expectations, so I doubt they will sacrifice their earnings that much in order to beat XB1 harder.