Historical precedence indicates that Sony will do a pricecut this year. So the question is not a matter of if, but when and by how much.
There are pros and cons from doing a $50 vs. a $100 pricecut. Sony can either opt to cut the price by $50 since that will allow the company to reap in more revenue per console. However, a $100 pricecut has the potential to actually earn Sony more money. Yes, less money will be earned per console, but it will generate more hardware sales than a $50 pricecut and consequently, increase software sales and PS+ subscriptions.
So it really boils down to what Sony sees. If the company thinks higher software sales and PS+ subscriptions from a $100 pricecut will generate more revenue than a $50 pricecut, then $299. Otherwise, $349.
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