Wedbush Morgan super-analyst Michael Pachter has predicted that Sony will cut PS3’s price before October 1 if US hardware sales continue to slide.

Speaking in a note today, Pachter estimated that US Wii, 360 and PS3 sales will show a year-on-year decline of 43 percent for June.

“We think that the console manufacturers will therefore be forced to consider a price cut before year-end, with Sony cutting the PS3’s price by October 1,” he said.

“Further, we do not think that Nintendo’s hardware forecast figures are achievable without a price cut, and we expect one around the same time as the PS3 price cut.

“It is likely both manufacturers will cut by $50, with Sony making up any lack of increased demand with a software bundle.

“We expect Microsoft to follow suit, giving us confidence that US software sales will grow later in the year, notwithstanding negative sales in the early part of the year.”

Pachter predicted sales of 350,000 Wii, 225,000 Xbox 360 and 165,000 PS3 consoles in June today. The June NPD releases this Thursday.

I think the deadline will be by mid Nov if it doesnt get cut by then then no ps3 price cut this year but i know it will

It's been almost two years since a price-cut of any kind for the PS3, sales aren't good at all, I'd say it's about time.

There is like 20% difference in sales max between PS3 and 360 worldwide every week, with the PS3 being much more expansive and in a huge recession, I'd say the PS3 sales are fine right now.

No pricecut confirmed?

This

Sony may not do a price cut but instead release the slim and maybe GT5 and hope that they won't need to for at least another holiday.

Anyone know what Sebastian Kramer has to say? Kramer pwns Pachter. This has been established.