Analyst report moots $500 PS3 launch price

Dom · Jun 22, 2004, 07:08 PM

Adding media functionality to PlayStation could push price too high, warns report

An annual report into the games industry published by Wedbrush Morgan Securities has suggested that added media functions in PlayStation 3 could push its launch price up to $500, alienating many consumers in the process.

The 144-page report, titled The Definition of Insanity: Why The Next Console Cycle Will Start Off With A Whimper, was authored by industry analysts Michael Pachter and Edward Woo, and is a largely positive look at the future of the games industry which projects strong growth over the coming years in most sectors.

However, as the title suggests, it also sounds a number of warning notes regarding the coming hardware transition - perhaps the most surprising of which is the suggestion that Sony's PS3 could debut at such a high price point.

Pachter and Woo claim in the report that Sony will try to introduce the PS3 with significantly more functionality than current consoles, building on the model of the PSX device - which includes a digital video recorder (DVR), DVD burner and a number of other home media centre style functions.

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Source: GameIndustry

Jun 22, 2004, 07:08 PM	#1
Dom DriverHeaven Extreme Member Join Date: Jun 2002 Posts: 12,940 Rep Power: 0	Analyst report moots $500 PS3 launch price Adding media functionality to PlayStation could push price too high, warns report An annual report into the games industry published by Wedbrush Morgan Securities has suggested that added media functions in PlayStation 3 could push its launch price up to $500, alienating many consumers in the process. The 144-page report, titled The Definition of Insanity: Why The Next Console Cycle Will Start Off With A Whimper, was authored by industry analysts Michael Pachter and Edward Woo, and is a largely positive look at the future of the games industry which projects strong growth over the coming years in most sectors. However, as the title suggests, it also sounds a number of warning notes regarding the coming hardware transition - perhaps the most surprising of which is the suggestion that Sony's PS3 could debut at such a high price point. Pachter and Woo claim in the report that Sony will try to introduce the PS3 with significantly more functionality than current consoles, building on the model of the PSX device - which includes a digital video recorder (DVR), DVD burner and a number of other home media centre style functions. Read More... _________________________ Source: GameIndustry