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Price drops are at the end of Q3 / beginning Q4

Q4 2008 PS3 drops €100
400-100=300 100/400           =25% increase of sales that stabilizes after boost. 

Q4 2009 PS3 drops €100
300-100=200 100/300           =33% increase of sales that stabilizes after boost. 

Q4 2010 PS3 drops €50
200-50=150    50/200             =25% increase of sales that stabilizes after boost. 

Q4 2011 PS3 drops €50
PS3 150-50= 100 50/150       =33% increase of sales that stabilizes after boost. 

Weekly
PS3  150.000 x 1,25 = 187.500 x 1,33= 249.375 x 1,25 = 311.719 x 1,33= 414.586

 
First 39 weeks take 50% of sales
Last 13 weeks take 50% of  sales

Until 29th December 2007                               8.841.486 

Q1,Q2,Q3 2008         Q4 2008                     Total 2008
5.850.000                   7.312.500                   13.162.500

Q1,Q2,Q3 2009         Q4 2009                     Total 2009
7.312.500                   9.725.625                   17.038.125     

Q1,Q2,Q3 2010         Q4 2010                     Total 2010                  
9.725.625                   12.157.041                 21.882.666

Q1,Q2,Q3 2011         Q4 2011                     Total 2011
12.157.041                 16.168.854                 28.325.895

 
8.841.486+13.162.500+17.038.125+21.882.666+28.325.895 = 89.250.672

This is what the PS3 can do at best. Q4 2011 it's only € 100. It's unlikely to sell the PS3 for 5 years at the same price. They might choose to stretch the price cuts or make them smaller. Either way sales will be lower within 5 years if they do. 

However the PS3 is huge competition for standalone Blu-ray players. We will have to wait a few more years before Blu-ray attracts mass market appeal 2009/2010. Up until then Blu-ray isn't important for PS3. Up until now Blu-ray has only hurt the PS3. This doesn't mean the PS3 is superior to the Wii. Without Blu-ray the PS3 would still loose against the Wii. Blu-ray is just a non-gaming aspect that could drive sales extremely well.