I think Trump might be another reason as to why they are not cutting the price right now. I know I wouldn't when there's a possibility of 20% tariff being slapped on consoles sales, as that would make the console more expensive again for Sony, Nintendo and Microsoft.
The next round of tariffs has been delayed until after the holiday season to not hurt those sales, but then early next year they may very well come. And if it comes, it may also just as well increase the price of the next gen by 100$ in the US.
Imagine if the price cut does come, but in the USA because of the tarriffs, prices more or less stays the same :p
Everywhere else in the world it drops.
Necro-bump this 2020: http://gamrconnect.vgchartz.com/thread.php?id=229249
Bumb in 2021: http://gamrconnect.vgchartz.com/post.php?id=9047071