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PS3 Price Drop - $499


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60 replies to this topic

#1 of 61 OFFLINE   CRyan

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Posted July 05 2007 - 10:06 AM

Well at least for a week beginning 07/15. There are rumors that this will be permanent (and the add looks to advertise a permanent price break) but looks good for a week at least.

http://img460.images....ricecutcw8.jpg

#2 of 61 OFFLINE   CRyan

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Posted July 05 2007 - 01:01 PM

Actually beginning July 12th. And it is a permanent price drop on the PS3.

http://kotaku.com/ga....cut-275456.php

#3 of 61 OFFLINE   CRyan

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Posted July 05 2007 - 01:06 PM

And here....

http://biz.gamedaily...ature/?id=16721

#4 of 61 OFFLINE   BrettB

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Posted July 05 2007 - 02:18 PM

Awesome news. Should help things along nicely.

#5 of 61 OFFLINE   Chris S

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Posted July 05 2007 - 04:10 PM

I'll add my vote for the PS3 as a very nice Blu-ray player and well worth $499 even if you don't intend to play games.
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#6 of 61 OFFLINE   BrettB

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Posted July 06 2007 - 02:58 AM

Now, GameBizDaily is reporting that they have received direct confirmation from one of the "world's biggest retailers" (albeit unnamed) that the new $499 PS3 price is indeed a retail-wide, permanent price cut instituted directly by Sony Computer Entertainment America (SCEA).

Sign up for someone's credit card and get $50 off, 5 free movies... might have to get me another one. Posted Image

#7 of 61 OFFLINE   ppltd

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Posted July 06 2007 - 03:15 AM

Sounds like Sony is finally admitting they made some serious judgement errors when pricing the PS3 by putting their pocket books deeper into subsidizing the PS3.It is a little unusual for a new game console to see a major price reduction in it's first 6 to 7 months life.
Thomas Eisenmann(Last updated 09/30/11)

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1124 BDs and going up, 1028 - DVDs and going down.


#8 of 61 OFFLINE   Adam_R

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Posted July 06 2007 - 03:29 AM

UPDATE: (10:50am ET) In a just-published interview with Reuters, Sony President Ryoji Chubach denied these most recent rumors of a pricecut, saying "at present we have no plans" to lower the game console's price.

So which is it: A pricecut? No pricecut? A Circuit City-only price cut? Time will only tell... Stay tuned.
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#9 of 61 OFFLINE   Paul Arnette

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Posted July 06 2007 - 09:10 AM

There will be a price cut. No Sony executive in his/her right mind would say there is going to be a price cut a week before it occurs and kill a week's worth of sales. BTW, the Target ad is up at DVD Talk, and it also has the PS3 listed for $499.99.

Quote:
It is a little unusual for a new game console to see a major price reduction in it's first 6 to 7 months life.

The original XBOX was released on 11/15/2001 at $299.99. On 05/15/2002, six months later, it was $199.99. A 33% drop. The PS3 was released on 11/11/2006 at $599.99. Assuming it drops on 07/12/2006 to $499.99 that is only a 16-17% drop and over a longer amount of time. And, to date, Microsoft has still not turned a profit on their game division.

What does all this mean? Apart from it takes money to make money, not a lot. Posted Image
Universal Blu-ray Discs I will not be buying while they're offered only as Blu-ray + DVD 'flipper' discs:

The Jackal
, Out of Africa, and Traffic.

#10 of 61 OFFLINE   ppltd

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Posted July 06 2007 - 10:06 AM

Quote:
Originally Posted by Paul Arnette
The original XBOX was released on 11/15/2001 at $299.99. On 05/15/2002, six months later, it was $199.99.
There was one big difference. The price cut of the XBox was directly related to the price cut of the PS2 from 299.99 to 199.99 on 05/14/02. Sony has had not such price drop from it's competitors. This drop is a response to the lackluster sales of the PS3 and as an effeort of moving the PS3 out of it's last place standing in all markets except Japan.
Thomas Eisenmann(Last updated 09/30/11)

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1124 BDs and going up, 1028 - DVDs and going down.


#11 of 61 OFFLINE   Paul Arnette

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Posted July 06 2007 - 10:30 AM

Quote:
This drop is a response to the lackluster sales of the PS3 and as an effeort of moving the PS3 out of it's last place standing in all markets except Japan.

Sure. And it is also to allow the PS3 to be priced more than competitively with the XBOX 360 Elite.
Universal Blu-ray Discs I will not be buying while they're offered only as Blu-ray + DVD 'flipper' discs:

The Jackal
, Out of Africa, and Traffic.

#12 of 61 OFFLINE   Cees Alons

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Posted July 06 2007 - 12:10 PM

They have to do something.
It's not going particularly well for them in the gaming segment. The previous week there even was a moment when the little Nintendo Company was worth more on the Japanese Stock Exchange (Nikkei) than Sony!

(No longer so, BTW.)


Cees

#13 of 61 OFFLINE   ppltd

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Posted July 06 2007 - 01:52 PM

Quote:
Originally Posted by Paul Arnette
Sure. And it is also to allow the PS3 to be priced more than competitively with the XBOX 360 Elite.
There seems to be many conflicting reports as to whether or the not price cut is a store cut or a Sony cut, and whether or not it is only for one week.

If it turns out to be a real cut from Sony I would expect MS to counter it with the same level of price cutting.
Thomas Eisenmann(Last updated 09/30/11)

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LG 55LX6500 55-Inch 3D 1080p 240 Hz LED

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1124 BDs and going up, 1028 - DVDs and going down.


#14 of 61 OFFLINE   Paul Arnette

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Posted July 06 2007 - 03:34 PM

Quote:
If it turns out to be a real cut from Sony I would expect MS to counter it with the same level of price cutting.

You expect MS to cut the price of the XBOX 360 Elite when its only been released for less than two months?
Universal Blu-ray Discs I will not be buying while they're offered only as Blu-ray + DVD 'flipper' discs:

The Jackal
, Out of Africa, and Traffic.

#15 of 61 OFFLINE   CRyan

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Posted July 06 2007 - 05:58 PM

Or maybe not. Who knows - Time will tell...

http://ps3.ign.com/a...1/801981p1.html

#16 of 61 OFFLINE   Eric_Connelly

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Posted July 08 2007 - 08:40 PM

Confirmed this morning on Fox:

http://www.foxnews.c...,288620,00.html

#17 of 61 OFFLINE   Paul Arnette

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Posted July 09 2007 - 02:28 AM

Placed an order with Circuit City for in-store pickup at $499.99 and it includes an extra controller for free. Sweet.
Universal Blu-ray Discs I will not be buying while they're offered only as Blu-ray + DVD 'flipper' discs:

The Jackal
, Out of Africa, and Traffic.

#18 of 61 OFFLINE   CRyan

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Posted July 09 2007 - 04:37 AM

Very good.

And then in August an 80gb version with the game Motorstorm will be realsed for $599. Interesting.

#19 of 61 OFFLINE   Grant H

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Posted July 09 2007 - 04:38 AM

Now says Jul 9 too.
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#20 of 61 OFFLINE   Bryan^H

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Posted July 09 2007 - 11:48 AM

The Xbox 360 is not dropping it's price. If there is a price drop, it won't be for a long time. Sony dropped it's price, because it had to. I work in retail, and we have had the same 6 PS3's since January. The systems were simply not selling, and my local EB had the same experience. There was almost a stigma attached to buying a PS3 because most hardcore gamers knew something drastic was going to happen, and presto here it is. I'm so happy that Sony realized that something had to done. Now they can start selling all the systems that have been collecting dust since Christmas.

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