Analyst: $499 80GB PS3 by year's end

Wedbush Morgan Securities predicts Sony will lop $100 off its new console to spur holiday sales, says further cuts possible alongside GTAIV and MGS4.

Sony had a bumpy ride at the E3 Media & Business Summit. The event kicked off with the company announcing that the 60GB PlayStation 3 was being reduced to $499 alongside the introduction of a new 80GB model with a $599 price tag. The move was widely hailed by analysts as a long-overdue attempt to boost the console's sales. But on E3's last day, Sony confirmed that the 60GB model was no longer in production, leaving the 80GB as the sole SKU when suppliers of its elder sibling run out.

Today, though, two of the industry's more prominent analysts predicted that the days of the $599 PS3 are numbered. In a note sent out this morning, Wedbush Morgan Securities' Michael Pachter and Edward Woo predicted the 80GB console will also see $100 knocked off its price point before the all-important holiday seasons begins.

"The PS3 will remain at $499, with the 80GB model replacing the 60GB model at that same price point," Pachter told GameSpot.

Pachter and Woo also repeated their prediction that Sony might further discount the PS3 early next year to coincide with two highly anticipated games for the platform: the exclusive Metal Gear Solid 4: Guns of the Patriots, and Grand Theft Auto IV, which is also coming to the Xbox 360.

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Discussion

513 comments
sarlac
sarlac

Pie_FOREVER you are HILARIOUS. Did you really just accuse Gamespot of reporting false information? YOU of all people accused someone else of being fake? You remember when you used to pretend to have a 360 and post your topics about how it broke for the time? And those other topics you made? Kettle meet black, sir.

GamerBoyAdvance
GamerBoyAdvance

I've got to talk moms into buying this one instead of the gay NO BC 40 GB...

jimmarn
jimmarn

i would like to see more RAM... or a way to add more... the size of the hdd is big enaugh for me...

memesmugy
memesmugy

what is the difference between a 60gb and a 80gb ps3 they both play the same dam games

condemned100
condemned100

God of War 1 and God of War II alone are enough to keep you Busy for a Reasonable PS3 Price Cut. Plus all the other Great Games out there for the PS2.

KnGGnK
KnGGnK

LOL i agree with you haku no offense to the wii but their sales are to dam good

Haku_Ryushi
Haku_Ryushi

I think PS3 and Xbox 360 should unite and kick the Wii's @$$

Big-Rick
Big-Rick

Don't forgot about 40GB is also with 400 bucks the rumors will be true in TGS :D

Gta4lif3
Gta4lif3

it will be alot better if you lower the ps3 systems the same price as the xbox 360 elite.

kaziechameleon
kaziechameleon

if i wanted one the want is gone heavenly sword is vanilla, and lair is broken.

tenorio_rotc
tenorio_rotc

Hopefully this means i can get a ps3 that is 60gb or maybe even a 20gb for cheap if some stores still have them around.

jimmypop_04
jimmypop_04

I'm trying not to be a fan boy here but it's probably going to be taken that way. Karaam, The 360 plays games. That's all i want it to do, I don't care if it can't play HD movies, format wars still going strong but I will concede blu-ray seems to be winning. I don't care if it only has 20 gigs, I don't plan on downloading movies anytime soon/ever. I don't care if it doesn't have wireless built in, i feel more comfortable with a hard wire anyway. Microsoft has finally given people some options instead of charging everyone for features not everyone wants. My 360 does what I want it to do and that is to play great games. Never try to defend your system by pointing out another system's "flaws." All that does is make me wonder why you can't think of something good to say about your own console, which I am sure you can, it just makes an argument weak.

budboarder
budboarder

Im kinda hoping they stop selling PS2's soon, that is sony's biggest problem.

ADEANGEL2002
ADEANGEL2002

I know that it all comes down to brass tax as far as trying remain supreme in the gaming industry but please. Sony, have faith in your products. Stick with one SKU, These are all the things Sony has done to attempt to sell their system. This is in no particular order. 1) include a downloadable game 2) do away with the 40 gig model and keep the 60 gig model. 3) include 5 blueray discs. 4) some CC application rebate. 5) phase out 60 gig for 80 gig at a higher price. 6) and finally what they should have done from the get go a 100 dollar drop. If there were other marketing stategies then be sure to add it to the list. Sony's games look good, blueray will be common in our households one day. All that I ask is just stick to one gimick, stop pissing off initial ps3 buyers by selling your product at a lower rate to those who were patient. Sony did all of these various marketing tactics in the course of 10-11 months. I would not mind owning a ps3 one day, maybe when you sell the system at 300 bucks and include a visit from a hot sony rep that will give a mean bj service...who knows how far they will go (jokingly put mind you). Anyways...I think even hard core sony fans should agree w/ this. Thanks.

dirty55409
dirty55409

a drop in price right before the holiday season makes sense. they're having trouble selling PS3s lets face it. you can't sit there thinking they're kicking ace like they did the with the PS2. remember when the sega genesis was the greatest? what happened to the Sega CD? or the sega saturn? maybe sony's fate will be the same.... just a thought. let the hate posts begin! lol

Karaam
Karaam

if you ppl would actualy go to school and know some math, heres the whole story: ps3 offers everything you'd want out of a console right out of the box, hence are not obligated to use all of it. now if you add up all the accessories that microsoft offers with the 360, you'll probably be spending arround or even more than how much you would spend for a ps3. think about it.

Titanfan2083
Titanfan2083

I dont understand, he just says it will drop? How does his opinion hold more weight than anyone elses on this board?

peeweeshift
peeweeshift

it might help cause a 200$ difference isn't helping it in canada here.

GohanSSJZ
GohanSSJZ

[quote]I think the analyst is on crack personally... It doesn't really add up to me.[/quote] It does, infact i been saying this from the day they anounced this. It's quite simple, Sony wants to sell consoles, obviously, now by taking of 100 bucks the PS3 sold better then the Xbox 360 did, which is definetly a good thing for them, now the PS3's for 500 are running out, so people will keep buying it, but what will happen when they run out? Then only a 600 dollar version will be around, and that will put people off from buying one again, so what will they do, they will drop the new 1 to 500, which will again get them good sales. It's a simple process really, and even though they are extremely transparant, many people still "fall" for it. Anyway let's see how far they will go down by say march next year.

johndoh4
johndoh4

*Continues waiting for reasonable price drop to occur while playing PS2*

Beefycake
Beefycake

Great news.. 1st) Blu-ray disc deal,buy a PS3 and get 5 bluray 2nd) Play-tv network, recording and broadcasting worldwide 3rd) 3d depth and 4d depth feature 4th) Haze being exclusive 5th) and now price cut for the console for the holidays Thats awesome! By the way, how bout some games

JimBurber
JimBurber

I think the analyst is on crack personally... It doesn't really add up to me.

L15_eric_Wavo
L15_eric_Wavo

Sony should go in apple's foot steps and offer store credit to those that bought their console early with the high price tag. that way I could get warhawk this month lol.

VanKroy
VanKroy

I always knew that they were going to put the 80gb for 499, that way the ps3 will get much more buyers. But xbox360 fans, Ive realize that we shouldnt be really fighting with one and other. Am a ps3 fan, but I respect the 360 now and I think is a great console. 360/ps3 are both next gen consoles, we should unite and take down the wii. the wii shouldnt be compared to the 360/ps3 never. that console is for kids only , so lets not fight with each other we have different consoles but we like the same things which are great harcore games. WII SUCKS, In time It will go dowN!! COMPARED TO 360/PS3

Sun_Hectic
Sun_Hectic

Homerj Don't make judgements about the PS3 games when the sequels for PS2 exclusives haven't even hit the shelves yet. When MGS4, Killzone 2, God of War 3 etc come out in 2008 and IF they turn out to be crappy, then I'll agree with you. But as far as I'm concerned, it's still early days for PS3 gaming.... so just wait...

GamerYnoX
GamerYnoX

Zoomer30: "At this rate MGS will be a 360 exclusive." lol u wish!

alcheng
alcheng

I'm rooting for the ESRB only for this time 'cause I'm waiting for them to lash out at GTA IV and give an AO rating, further delaying the game.

alcheng
alcheng

We're waiting for Metal Gear to go cross platform. Sony and Microsoft are basically just eating each out out, kinda reminded me of presidential debate, where stalemate always results.

mjk_1
mjk_1

nice im actually prolly gonna get one now

SteveBIRK
SteveBIRK

all the more reason to wait till next year

stfolife
stfolife

mhm then they will stop making them and there will be a 100 gb ps3 and then another and another and another-_-

Milahludba
Milahludba

Now i'm getting really confused, do i have to wait for the winter holiday to get an 80GB PS3 which hopefully like the analysts say will be $499 or do i run out now and get a 60GB PS3 which people say has a better emotion engine than the 80GB?

humor2006
humor2006

I find it amusing that every article concerning PS3 or Xbox360 turns into an all out system war. I say why be dedicated and loyal to a system on brand name only? Why argue price points and polygon count? Why fight becaue one person prefers a system over another? Why does it matter which sells more? I believe it all boils down to what YOU personally are looking for in a video game console. The facts are these: 1. PS3 offers blu-ray capability out of the box. 360 requires an add-on. Now this is definitely a bargain if you want a blu-ray player, but also a downside if you don't need one and don't want to pony up $599 for a stand-alone game console. 2. The 360 has definitely had a better game line-up with GOW, Halo 3, BioShock, Dead Rising, Forza 2, Viva Pinata, Guitar Hero 2 (which of course was on the PS2 first), and was also and will also be the first system to see Oblivion, Rainbox Six Vegas, and GTA IV. In response to this however, it appears PS3 is gaining ground with WarHawk, and Heavenly Sword, and MGS4 on the horizon. 3. As online gaming continues to grow, the 360 had a head start with the Xbox Live service that fully integrates into the games. Although the Sony PSN is offered free, they are in the middle of playing catch up to the millions of subscribers on Live. Now, in my opinion, Microsoft leads the way CURRENTLY because of the games and services offered, NOT because either system is more powerful or can make expressos while simultaneously solving world hunger. The price points can be argued, but one can also argue that consumers will purchase based on the system fulfilling their needs and choices, and it appears at this point, the360 is leading sales based on what it offers, not what it DOESN'T offer. If you want a PS3, buy one. If you want a 360, buy one. Hell, buy both if you truly want to be a critic, but who cares what system is ULTIMATELY better as long as you get what you want.

mashom
mashom

In Pakistan PS3 is on Rs 30,000 = 500$ 20GB and Rs 34,000 = 575$

PMatt722
PMatt722

even at 499 thats still incredibly bad since lair sucked and warhawk has severs that arent very good, o well

Hawk456
Hawk456

Getting closer... call me when it's $299, then I'm interested.

coodename007
coodename007

Omg in Estonia the ps3 is still $999 thats a lot , i think if i am going to buy one il order it from USA .

mechranma
mechranma

lexuspimpin, OMG! That was extremely hard to read! (MY HEAD!) Please, my friend, enroll in your nearest school quickly (community college preferable). RUN DON'T WALK to the bursars office and pay for an English class! Then come back and talk right. BTW its console not ckonsole lol. (c+k= utter craziness)

mechranma
mechranma

[This message was deleted at the request of the original poster]

Homerj
Homerj

Autolycus: I think you may be onto something there. Its quite a shame that they are giving the PS3 the short end of the stick gaming-wise just to push blu-ray.

Autolycus
Autolycus

Sony's main plan with the PS3 has NOTHING to do with video games. Its about getting blu-ray into every single possible pair of hands that can buy it. Its ALL sony cares about. they've invested more money into making blu-ray a standard, more then ANYTHING in the HISTORY OF SONY. Too bad its not working. Because Sony is too controlling.

Autolycus
Autolycus

to little to late. you steps on your money giving consumers long enough. I've first handedly seen over 20 people in our store, promise never to buy another SCEA product in their existance.

Yuck_Too
Yuck_Too

--haynsey123 -- If you don't have a HDTV or highspeed internet then you'll get absolutly nothing special out of a PS3. Calling people fools for not buying stuff they will not be using is...well...foolish.

Homerj
Homerj

If your view of "value" relates to the blu ray player, built in peripherals, graphical chat rooms, etc, then I guess the PS3 could be considered a "good value". If you are looking at a PS3 for GAMING....not so much. Sony seems to banking too much on home entertainment features and widgets and not enough on software. The PS3 may be a great home entertainment device, but it will be an utter failure as a gaming console if Sony continues to turn out delayed, awful first part titles and continues to give a crippled SDK to the third party developers. All the processing power and peripherals in the world will not help if developers are not able to make decent software to take advantage of those hardware specs.

haynsey123
haynsey123

why does everyone moan about ps3 price its a steal compared to a full set up on the 360, in the UK the elite costs 300 quid then 60 for the wireless adapter then about another 100 for the second rate hd dvd drive (long live blu ray!) do maths you fools ps3 is much better value and a much better product!

wars45
wars45

look im from the uk and i spent 425 pounds on my ps3 and it was worth it i love my ps3

ejstrup
ejstrup

@213Gamer: That's a really stupid comment. The graphics on ps3 does not suck. you must be blind