Analyst Predicts Further Console Price Cuts
Thanks to an anonymous reader for pointing to a Reuters/Yahoo story discussing software sales growth and possible console hardware price cuts for the US. Tony Gikas, a gaming sector financial analyst, saw strong short-term sales prospects for companies such as EA, Activision, and Take Two, and "said he expected software sales growth for the industry of 12 percent each in 2003 and 2004." Interestingly, Gikas is also quoted as saying "(The recent) hardware price cut to $179 is working and (there will be) more to follow before year-end." How low can prices go before a new generation of console hardware kicks in?
I just might buy another one. My apartment's already networked and my GF loves Mario Kart.
Other numbers to consider: In the US, Xbox is #2 with over a million units over GameCube. However, worldwide, Xbox is #3. GameCube has sold just a little over 300,000 units over Xbox.
I hope Nintendo doesn't do a price cut, but instead creates a super bundle. Put the Gamecube, GBA SP, and a game for each. Keep the $150 price level. Parents will love it because they see it as getting two consoles for the price of one, kids will love getting more, adult gamers (myself included) will enjoy the linkable features that are upcoming. Plus, they could have theme packs. The Zelda, Metroid, and Mario also have big name games on both consoles (with Zelda and Metroid having link capacity). Hell, there could even be an Animal Crossing bundle with Animal Crossing and an e-Reader instead of a GBA-SP game since you can download NES games instead.
It's not stupid. It's advanced.
Then cheap, individual consoles are going to be important to get. They should come with game discs that let you play GBA-SP or go webtv/networked mode with a broadband adapter and let you remotely boot net-aware games, like an arcade setup.
That would kick ass. Of course, they might not like the idea of only having to have one copy of the game for 4 people to play over a LAN (you'll probably need it for net play, however)
In fact, that sounds like a good compromise! $150 for a "LAN party pack", GC, controller, Net/GBA rom, broadband adapter.
THIS THING CAN TURN ON A DIME, MACROSSZERO STYLE ALSO FUCK BETA, ~NYORON
Drop the prices of new release games and we'll talk. A$100 is too expensive. Bring it down to A$50-A$60 and I've already got two titles for the PS2 I'd be interested in.
How about $150, which is what the last cuts SHOULD have been? It's good to hear that the modest price cut has bolstered sales, but it was a letdown to consumers and retailers that were expecting something bigger.
Considering the next consoles are out till an estimated 2005, I suppose 100 or so is rock bottom before new consoles come out
How low can prices go before a new generation of console hardware kicks in?
Pretty low. Remember the NES and SNES? Or even the SNES and N64? What about the N64 and the GameCube? (This is from memory, so mistakes can and probably will be made.) AFAIK, they ALL dropped to around $100 before the next generation came out. Here's my prediction: we should expect another relatively minor cut in the next few months (probably before November) to around $149 for the PS2 and XBox. Then, right at the end of 2004 or beginning of 2005, they'll announce the next generation, which would be out in mid-2005 to late-2005... as soon as the announcement is made, it'll be less than a week before they drop prices to $100, or possibly $125 (counting for inflation and all).
Does that sound amiable to all?
"It's better to have a gun and not need it than need a gun and not have it." ~ Christian Slater, True Romance
I just bought a platinum gamecube for $60 off of some teen that was done with the system. He told me he played it for Metroid and Zelda and that was it, it was perfect. So I offered him the cash that Gamestop was offering him for the system after a couple workers took it in the back and tested it. Took the cash from my pocket and paid him for it
Granted I had the advantage that I was working at the Gamestop at the time. Shhhhhhhhh... don't tell corporate.
Computers will get faster, education will get more expensive, politicians will lie and SCO will soon press charges of distributing child pornography against IBM.
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Ok, if the Xbox gets to $100 I'll buy it.
:-)
But just for DOOM III
Cheaper then those honkin' ATI and GEForce cards Carmack on Crack keeps yappin' about!