Slashdot Mirror
Sony Exec Says Luxury Could Be PS3's Downfall
Via Next Generation, an interview with CEO of Sony Corporation Sir Howard Stringer on the site CEO Exchange. In the piece they report that Stringer has gone on record as saying the PS3's price may be its downfall. This is the first indication we've had from Sony's upper management that the console's price may just be too high. "Wii is a wonderful device, but has a different target audience. If we fail, it is because we positioned PS3 as the Mercedes of the videogame field. PS3 is after a different audience and it can be whatever it wants -- a home server, game device, even a computer." Relatedly, a Goldmann Sachs analyst has opined that a PS3 price cut could come this year. Assuming they drop the price by $100 or more, this might blunt the objections many have to the console's lofty pricetag.
Believe it or not, the PS3 is not even close to as expensive as the Neo Geo once you adjust for inflation. The Neo Geo came out for $650 in 1990. That's about $1020 in modern dollars. The $100 games would cost about $150 dollars today, if I remember right there were some that were even more expensive.