Interesting unbiassed statements about the current situation and outlook of the PS3 from different Analysts.
http://www.gamedaily.com/articles/news/sony-should-be-worried-about-ps3-say-analysts/?biz=1
Some Statements:
David Cole, DFC
"They might not be able to afford a price cut, but on the other hand they might not be able to afford their current price."
Jesse Divnich, EEDAR
"In terms of cutting prices, currently, it wouldn't be financially responsible or beneficial for them to cut the PS3's price point; manufacturing costs are just too high. That being said, I do expect the PS3 to receive a price cut in early 2009. This is when Sony should reach a point of manufacturing efficiency that would financially warrant a price cut."
Michael Pachter, Wedbush Morgan
"I think Sony is a greater victim of the recession, more because they are a consumer electronics company than a video game company; people aren't buying HDTVs and that's why Best Buy has been talking about their same store sales being down 5-15%. It's really hard to get people to come in and spend on the super big ticket items."