I agree with the OP. The 360 is barely selling more despite being much cheaper. Sony should keep the price untill they can afford it (probably when PSP go launches).

I agree, Sony shouldn't drop prices for the PS3.

My reasoning wasn't because it won't have as big of an impact, my thoughts were that Sony should really focus on turning a profit on the PS3 at this point. Sony will never be able to compete with the 360's price point or at least not before it's too late, so I don't see why it should bother. PS3 was only losing out to the 360 by an average of 10k per week (from the time I started counting to the time I stopped caring), and a steady stream of system sellers should help reverse that.

A Price Cut now is Sony gambling and it shows desperation, because there is no guarantee that a price drop would greatly swing momentum in Sony's favour, let alone for a sustained period of time to allow them to overtake the 360. If they price cut and they aren't able to reduce the gap and take the lead, Sony will still be sitting in 3rd place with a even bigger loss then before. No one remembers the distance between the Xbox and Gamecube, they won't remember the distance between the PS3 and 360, just where they place.

What do people mean when they say "a price cut shows desperation"?

The longer sony waits the less of an effect a price cut will have.

I see your point but keep also in mind that the sooner they do it the higher risk is at stake.

We're in the middle of a huge economical Crysis. People dont have jobs, people dont have much money.

The PS3 was available in 2006
The PS3 was available in 2007
The PS3 was available in 2008
The PS3 was available in 2009

- it's becoming quite an old console. To charge $399 for it is a bit arrogant of Sony, for an old product in an age of Crysis. But then it also shows in the statistics - 100k/month is quite low sales.

They need to drop price to $299 as soon as possible.

Especially compared to $199 360 huge momentum... lol M$ can enjoy this mare 10k-15k each week as for me... PS3 is in extremely healthy condition. 360 for $399 would generate 45k to 75k a week WW right now. You guys don't understand the power of the brand.

So you don't want Sony to drop the price ... why? Because it'd hurt their bottom line? I don't see why any consumer wouldn't want to pay less for an item. As for the recession, I don't think that holds any water. Isn't it well known hardcore gamers shell out the cash no matter what? Sony's problem is that they made the system way too expensive to get the most out of it. And most damning of all, they let the money hats at MS buy up all the exclusives. There are few third party games on PS3 that you won't find on the more reasonably priced 360. Say what you will, but this gen has been one big misstep for Sony. One they have to keep trying to fix, with varying results.

^^^

so true

you guys are way too into sony as a company

who cares if they sell ps3 for 1 dollar each

seriously.

They would go bankrupt (assuming they produced enough to satisfy demand).

PS3 selling for $1 would probably sell a huge amount, like... several dozens of millions per year at least (probably hundreds of millions with researchers buying cheap processing power for their Cell clusters).

Losing around $400 per console that would cost Sony tens of billions per year, which is money they don't have.

The PS3's sales are abysmal -at the level of many past consoles that people have no problem calling "failed systems"- but you're right that dropping the price may not be the answer at this point in time. What Sony really needs to do is start making money, so that they can recover from having squandered their entire PS1 and PS2 profits combined on this thing. A price drop can only help with this if the new price is above the cost to build each unit, and since even the old price is not yet above the cost per unit, the basic principles of mathematics state that this is impossible.

What Sony really needs to do is cut the cost to build each system. This is where a theoretical "PS3 Slim" comes in, but Sony needs to make sure that its price allows them to actually make money per unit. This is why I don't believe that the launch of a PS3 Slim will be accompanied by a price cut: Sony simply cannot afford to do that. This goes double if Sony actually makes the suicidal move of cutting the price before launching the Slim: whatever the PS3 goes for at the time of the Slim's launch, that is what the Slim will cost.

Sony is caught in a catch-22: they have to lower the price, but they can't lower the price. How, or if, they maneuver out of this will be interesting to see, but it will have to be done very carefully in any case.