Consoles Will Enter the Bargain Bin Zone, PS3 Will Gain
Hardware development cycles are streamlined every year, so it only makes sense that those savings in production are passed to the consumer to help accelerate a platform’s install base. Plagued by a high price tag upon its release in 2006, the PS3—now $299 for the base model—has its price drop about $300, yet this still puts it at a price that's almost double what a Wii goes for and a C-note more than an Xbox 360. In other words, It Does Everything At The Wrong Price. It’s time for Sony to suck it up and drop the price below the sacred $200 level to really put pressure on the competition.