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shikamaru317 said:
Zippy6 said:

I said this recently in another thread. The $599 was not because of cockiness though. Every PS3 was sold at a huge loss and they lost billions. They didn't charge $599 because they were cocky, if they charged less they would have literally died. It was just a terribly designed piece of hardware. Cell and Bluray were both mistakes for a 2006 console. I won't deny that some of their statements you mentioned were horrible, but I don't think the PS3 era is any evidence at all that a dominant PlayStation will overcharge consumers and I think the "Sony has no competition! Price will go up and be insane!" comments are silly. They undercharged with the PS3, they just shouldn't have designed something so expensive.

I would make the argument that they only designed PS3 which such high specs that they needed to charge $500 and $600 at launch, because they were arrogant enough to believe that their fans would buy the console at those prices.

Fans certainly did buy them people were standing in line for PS3 in the middle of the night but people blamed 'the power of the cell'.  The price discussion wasn't that wild back in the day because you had a console that had bc, that blu ray and you could play online for free, in the long run you would be saving money compared to getting a X360. Selling a console under production costs is not a bad thing for consumers and they learned quickly from their mistakes (made other mistakes aswell like move but still)