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?
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.
Overrated? Yeesh. I wouldn't be bothered by it if I wasn't pointing out why current GameCube owners have a reason to be excited.
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
How about $150, which is what the last cuts SHOULD have been? It's good to hear that the modest price cut has bolstered sales, but it was a letdown to consumers and retailers that were expecting something bigger.
What's the conversion rate between US$ and AUS$? New titles in the US only cost $50 at worst... most of the time they're $40-45.
"It's better to have a gun and not need it than need a gun and not have it." ~ Christian Slater, True Romance
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
You'd think with the whole internet at your service you'd be able to find the conversion rate for USD to AUD (hint: xe.com says it's about $1:$0.67).
:)
So $100 A is a bit more in real terms than in the US. But still I agree. $45 US for new titles is way out of line. Not that y'all aren't used to paying it, but personally I balk at $30, and prefer $20. Of course, I'm content to let everyone else play the latest and greatest and wait for the used consoles and games to show up in the bin at EB Games and Funcoland.
Especially since most of the new games put way too much emphasis on graphics and not nearly enough emphasis on game play. Apparently hardcore gamers are taking this all way too seriously. It's not that the sprite animation I grew up with should be good enough for the present day, but that with the possible exception of racing games, I haven't noticed that all this excess computing power has made video gaming any funner.
I do not have a signature
Computers will get faster, education will get more expensive, politicians will lie and SCO will soon press charges of distributing child pornography against IBM.
my sig's at the bottom of the page.
Now, now... let's not get hostile. I only suggested that the parent provide the current exchange rates because he was complaining about the cost of new games in a foreign country. I don't feel anyone can make a comment one way or the other without the appropriate information, which is, in this case, the exchange rate.
Sure, I prefer to pay $20 to play a new game... but I recognize that with the demand of new games with good graphics, sound, and gameplay, there's a supply that necessitates a cost of around $35 - 50. So, I don't really complain. I enjoy getting a good, fun game for $20 (like SimGolf), but I don't think that is, or necessarily should be, the norm.
I think it's a little objective to say that the only games that have improved due to (at least in part) the graphics are racing games. By that logic, I could say that since I like them, that the only games that have improved because of graphics are FPS's. After all, I don't think anyone could reasonably argue that Wolfenstein 3-D (the original) is a better game overall than Doom 3 or Half-Life 2 (hopefully). I had a much more enjoyable experience playing Final Fantasy X than I did playing Final Fantasy 2 (or 4, depending on your point of view). However, I also recognize that people look at their pleasant childhood experiences through gold-colored glasses... so I realize that in retrospect, Final Fantasy 2 SEEMS like it was more fun. For reference, play Final Fantasy 2, immediately followed by Final Fantasy X and see which you enjoy more. It would be especially interesting to play 2 games that you've never seen or played before... just to be totally subjective.
"It's better to have a gun and not need it than need a gun and not have it." ~ Christian Slater, True Romance
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!