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Both Sides of the PS3 Price Cut Rumor

So here's the deal: Kotaku has a flier for an upcoming Circuit City deal on the PlayStation 3, putting the price at $499. There's some confusion about whether this is just a sale from Circuit City, or an actual price drop from Sony. Next Generation has Sony saying 'no', indicating that this isn't a sign of an across-the-board price cut. Meanwhile, GameDaily says 'yes', with sources in the retail industry indicating this is the price adjustment we've heard coming for a while now. "As it turns out, a merchandising manager (who wished to remain anonymous) at one of the world's biggest retailers has confirmed to GameDaily BIZ that the price drop is indeed retail-wide and it's scheduled to take place on July 12, although the first wave of ads to promote the PS3's new price won't kick in until Sunday, July 15. Many analysts have speculated that Sony would drop the price on the expensive console this year, and some even predicted that it could happen this summer. It's starting to look like they were right. We're sure to find out much more next week when Sony holds its press conference at E3." Luckily we won't have to wait long to see what's the real story here.

26 of 257 comments (clear)

  1. $499 by penp · · Score: 3, Insightful

    Still way more than I will pay for bare bones console.

    Sadly, I could probably double the performance of my PC for that price.

    1. Re:$499 by soccerace09 · · Score: 3, Informative

      The current price of the 20 Gb PS3 is $499. So if this is a price cut, it would be down $100 to make the 60 Gb $499. While it still may be more than the 360, it's hardly what I would call a "bare bone" console.

    2. Re:$499 by Jeff+DeMaagd · · Score: 5, Informative

      Well... unless you really care about Blu-Ray movies (which IMO are way overpriced)

      Not really, unless you mean to say that any money more than the DVD is "overpriced". For most of the new movies I looked at, the Blu-Ray version is $5 more than the DVD version. Blu-Ray and HD-DVD discs aren't any more expensive than in the first few years of DVD, so I really don't think the pricing is unfair.

      Besides, you can get Blu-Ray and HD-DVD movies from Netflix for no extra cost.

      I don't regret the purchase at all.

    3. Re:$499 by Sciros · · Score: 3, Insightful

      The Netflix thing is a good point, although I tend to buy rather than rent because I'm a big moviegoer. But in terms of price, I tend to see Blu-Ray at $25-$30, with the $25 ones being bad Adam Sandler films or something. I buy DVDs at prices in the $10-$15 range usually. The only pricey ones I sometimes get are anime ones, which I'm always like "grumble grumble" about grabbing off the shelf. And if someone were to tell me that anime DVDs are overpriced, I'd say "ABSOLUTELY!"

      --
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    4. Re:$499 by Anonymous Coward · · Score: 3, Interesting

      Way off topic here, so posting as AC... But yes, there are good Adam Sandler movies:

      - Punch Drunk Love http://www.imdb.com/title/tt0272338/, great romantic comedy.
      - Click! http://www.imdb.com/title/tt0389860/ will probably make you cry.

      Note that in both movies, Adam Sandler is not playing his normal Happy Gilmore / Big Daddy / Mr. Deeds role.

  2. I might buy at that price.... by Fallen+Kell · · Score: 3, Insightful

    I really might consider buying at that price, if only for the BluRay. Hell, I paid $1000 for my DVD player!!! I think I can pay $500 for a BluRay player and a console in one.

    --
    We were all warned a long time ago that MS products sucked, remember the Magic 8 Ball said, "Outlook not so good"
    1. Re:I might buy at that price.... by michrech · · Score: 3, Insightful

      Is this the part where you tell me that DVDs will be around for ages? I doubt it. Almost all TVs produced now are HD-capable, give it 2 years for the players to go down in price and maybe another year for people to buy them and I'll bet you any money that one or both formats will be outselling DVD. I'm here to tell you that the 25" CRT I bought about 6 years ago is going along just fine. I'm also here to guarantee you that it will NOT be replaced, no matter how much Blue Ray/HD-DVD players and HDTV's drop in price, until my current TV dies, or the signals being sent to it from Dish Network and my DVD player quit working with it.

      That being said, adding the fact that I am not alone in the US (let alone the rest of the world) in this line of thought, DVD's will, in fact, be around for a while. If they are not, then the movie studios are going to notice a sudden drop in revenue as people such as myself forgo purchasing ANY media and get it via the internet instead (legally or not).
      --
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  3. Nice, but not enough by ShadowsHawk · · Score: 3, Interesting

    I bought a Wii and a DS:Lite on a whim, but $500 is simply too much. I'll consider it when it is around $300.

    1. Re:Nice, but not enough by doombringerltx · · Score: 5, Insightful

      Chilli-cheese dogs taste better than caviar and the wii is more fun PS3. Money isn't everything

    2. Re:Nice, but not enough by hibiki_r · · Score: 3, Insightful

      Oh, so the rest of us with bigger, better setups that are playing the Wii are just wrong. After all, there is a law against having a 4K+ entertainment center and using a component input to play the Wii. I guess I'm breaking the law.

      You are right on one point though: The PS3 and the Wii are not comparable products: One is a console with a bunch of good games, the other is a bad Blu-ray player that has an anemic game library. That's why one is selling well, and the other is tanking. Metal Gear, Final Fantasy, Gran Turismo: all 2008 titles.

    3. Re:Nice, but not enough by AdmiralWeirdbeard · · Score: 4, Funny

      Money does not determine a persons worth and it certainly will not make them happy.
      yes, hi, Homeland Security? I found one of the terrorists. see above.
      --
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  4. Dual-promotions... by DrEldarion · · Score: 5, Funny

    This and the 5 free blu-ray discs promotion will be happening simultaneously. If they promote both aggressively, I can imagine sales jumping quite a bit.

    Then again, Sony will probably just release an ad with a monkey in a diaper and not mention anything relevant at all.

    1. Re:Dual-promotions... by Rayonic · · Score: 4, Funny

      Then again, Sony will probably just release an ad with a monkey in a diaper

      Interesting. Usually ad execs don't star in their own commercials.
  5. Wii by Selfbain · · Score: 5, Funny

    Now Nintendo will only be beating them 5 to 1 instead of 6 to 1.

    --
    Well, it has never been successfully tested.
    1. Re:Wii by Rayonic · · Score: 3, Insightful

      And Toyotas sell 5 times as many units as Lexus. Who cares?

      Well, both Toyotas and Lexuses use the same gasoline. If fuel was brand-specific, Lexus owners might be SOL.

      /car analogies ftw!
    2. Re:Wii by AdmiralWeirdbeard · · Score: 4, Informative

      AFAIK, they're also the same company...

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      Come read my stupid blagablog. Rants and Giggles
  6. Obligatory by coop247 · · Score: 3, Funny

    Figures, I just bought one a week ago. My sacrifice is for the good of the people.

    --
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  7. Re:...zzz...Is it less than $200 yet? No?...zzz... by twistedsymphony · · Score: 4, Insightful

    while I don't think it needs to be THAT cheap to be a success they already had a $500 price point that they ditched. IMO the extra 40GB of hard drive space (for a hard drive that you can swap out yourself with an off the shelf part) and built in WiFi wasn't really worth the extra $100 they were charging for the premium unit anyway.

    If there was anyone with $500 in their pocket who wanted a PS3 they probably would have bought the 20GB model when it was still available, I'm pretty sure you can still find them lingering around stores today too.

    If they want to be competitive they have to match the 360's price point... unfortunately I think if anything this price drop will cause Microsoft to follow suit, they've been hinting at a price drop for quite some time as well.

  8. probably not a sale by SolusSD · · Score: 4, Informative

    I sued to work electronics retail (best buy.. ughh), anyway- there is NO markup on game consoles, places like best buy and circuit city make their money by selling games, services, and accessories for the consoles. I highly doubt circuit city is willing to take a >$100 hit on each ps3.

    1. Re:probably not a sale by KingSkippus · · Score: 3, Funny

      I like your original version better. I figured you must have really wanted in the industry to go to such great lengths. :-D

  9. Re:...zzz...Is it less than $200 yet? No?...zzz... by eln · · Score: 3, Insightful

    I bought the Wii for $250, and I thought that was a pretty good price. For the PS3, if they got the 60 GB version down around $400, I'd probably seriously consider buying one. Anything higher than that just isn't going to happen though.

  10. Re:...zzz...Is it less than $200 yet? No?...zzz... by Rolgar · · Score: 3, Insightful

    Hmm, I haven't had a console since the NES, but when I bought my Wii with Sports and Trauma Center, I basically got a Gamecube, and a limited NES, SNES, TG16 and I have my Wii now. A friend loaned me Prince of Persia, Metriod Prime, and two Zelda disks, and I got a whole lot of gaming for under $400. I'm big on budget gaming, but there is a whole lot of value in having a Nintendo right now. I'll probably continue to focus on Gamecube gaming for a while and add some VC games before I pick up new Wii games next year.

  11. $500 is a steal, why are people being so difficult by Paradox · · Score: 4, Informative
    I know Sony hating has been popular on slashdot, and I like to try and separate this from the PS3. I've got years of good karma banked, so I'm going to spend 5 minutes making a list of what my PS3 does, for its price.

    • Plays PS3 games
    • Plays Blu-Ray discs.
    • Upconverting (1080i) DVD player
    • Cross platform (Win/Mac/Linux) streaming media player (H.264, MPEG2,Many AVI-contained formats)
    • Local media player (variety of flash memory cards and external hard drives)
    • Can browse the internet w/ flash support
    • Can access sonys (admitted lackluster, but definitely there) Online Store.
      • Sonys online store deals in real money, not points (which are only bought in increments which do not divide evenly into common prices).
      • Sonys online store offers PSP content if you have one (more and more people do, they are becoming quite common now)
    • Plays a variety of farily good online content, with feature titles including Calling All Cars and the recent Super Stardust HD.
    • Can play most PS2 games with excellent upscaling (looks great) (nearly all games with non-UK release)
    • Can play most PS1 games (non-UK release) (upconversion to 480p, looks about as good as youd expect from such old tech)
    • Uses standard bluetooth and USB for all peripherals. You can use your existing bluetooth headset.
    • It can run linux. It cannot access the video hardware, but thats boring anyways. The Cell processor is far more exciting.
    • 802.11b/g right out of the box. No external adaptor required.
    • While PS3 failure is not unheard of, the box has an unquestionably better reliability rate than the Xbox 360, its major competitor.


    To get an Xbox 360 that is feature competitive (elite or not), you're going to be paying within $50 of the price of the current PS3. And even then, the Xbox 360 is far less cross-platform friendly, using nonstandard technology for its media streaming and peripherals. And you'll need to spend extra money for a HD-DVD box (if that's your thing). If you're considering buying a traditional game console, the PS3 is very competitive to the XBox 360 (especially so given the troubling reliability issues with the 360, I myself am on my third which refuses to play Gears of War!)

    In comparison to the Wii, I advise you go for the Wii first unless you have a big PS2 game selection, in which case the PS3 will probably be a better value. The Wii and PS3 are both game systems, but the Wii is the interesting bargain product and the PS3 is the luxury product. This is not a representation of Wii dominance, it's a representation of supply/demand economics and how they interact with MSRPs. For many people, the Wii is a lever to get gaming into homes that aren't otherwise receptive to it. That's awesome, it's the tide that raises all the boats, and no one can deny the Wii is an interesting an innovative console. I like it, I waited overnight for mine, I endorse it.

    But right now, the Wii isn't much more atttractive a platform than the PS3, if you get fair about the comparison. It's only got three really great titles (WiiPlay, Zelda and Paper Mario) and a release schedule that's nearly as lackluster as the PS3's. It's got a lot of development difficulty (instead of wrangling the cell, you're designing for a completely new and somewhat alien control system that requires a lot of realtime analysis of multiple data streams).

    I totally understand waiting on buying a PS3. The platform only has a few really great titles right now (Motorstorm and recently the revised Ninja Gaiden Sigma), so it's entirely reasonable to wait. But to say that this $100 price drop doesn't make it competitive is just absurd and it's hater-aide. Don't buy into the anti-hype surrounding the platform.

    Disclosure: I own all 3 consoles, a high def television. I am a supporter of Blu-ray as a recordable data standard. My Wii has stayed quiet since I beat Paper Mario, my Xbox 360 (2rd replacement) has just shown hardware defects and I'm told to send it in again. I do not work or take money from any video game company or Sony. I run both mac and linux boxes in my home, so an open media streaming capability is important to me.
    --
    Slashdot. It's Not For Common Sense
  12. Re:$500 is a steal, why are people being so diffic by The+One+and+Only · · Score: 4, Insightful
    • Upconverting (1080i) DVD player
    • Cross platform (Win/Mac/Linux) streaming media player (H.264, MPEG2,Many AVI-contained formats)
    • Local media player (variety of flash memory cards and external hard drives)
    • Can browse the internet w/ flash support
    • Plays a variety of farily good online content, with feature titles including Calling All Cars and the recent Super Stardust HD.
    • Uses standard bluetooth and USB for all peripherals. You can use your existing bluetooth headset.
    • It can run linux. It cannot access the video hardware, but thats boring anyways. The Cell processor is far more exciting.
    • 802.11b/g right out of the box. No external adaptor required.

    With the exception of the Cell processor and a different selection of "fairly good online content", I already own something that does all of these things. And unless you're also using your PS3 to post on Slashdot, so do you.

    --
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  13. Re:$500 is a steal, why are people being so diffic by Dr+Kool,+PhD · · Score: 4, Informative

    Update your firmware to 1.80 or higher. PS3 didn't ship with upconverting working, but it was released in the update a few weeks ago.

  14. Just as an aside by SuiteSisterMary · · Score: 3, Insightful

    You're a troll. Sony got cocky and Nintendo is kicking their ass for losing sight of the consumers demands.

    1970s: Arcades got cocky, and Atari is kicking their ass for losing sight of the consumer's demands.
    1980s: Atari got cocky, and Nintendo is kicking their ass for losing sight of the consumer's demands.
    1990s: Nintendo got cocky, and Sony is kicking their ass for losing sight of the consumer's demands.
    2000s: Sony got cocky, and Microsoft is kicking their ass for losing sight of the consumer's demands.

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