The PS3 should of launched at its current prices of $399 US or $499 US. The $599 US price tag for one PS3 model was a huge put off for PS2 owners. The PS2 was launched at $299 US and is now at $129 US. The price is the main reason. The Wii capitalized on this huge error and the Wii launch price was only $249 US. PS2 has a huge library of games and is BC with over 1000 PS1 titles and combined with PS2 library of 2500 games and growing. The price of a console is attractive to casuals and people on a budget. The PS3 will become a lot more popular and demand will increase significantly when the price is further reduced.







