Will the PS3 see a Price cut anytime soon.

[Spectrumglr]

shanbcn said:
Chances of price cut in EU seem lower because despite 360 price drop PS3 is still ahead, but the gap have closed. But in NA if 360 drops the price then PS3 will have to follow because they are both selling at par with Ps3 having slight edge and this can change. So it depend on 360 price drop and even then Sony may not want to cut the price this year.

 

they can't afford any further price cut: apparently they're still losing a lot of money for each console sold  (1.16B $  in 2008 alone: http://kotaku.com/5018899/sony-lost-331-billion-to-ps3-cost-pricing-imbalance )