Console Price Cut Rumors Have Started, Again

Every year predictions of price cuts preempt E3 and this year will be no exception.  Michael Pachter, gaming industry analyst, has predicted the console price cuts he anticipates will occur this year.

“We expect Microsoft to announce a price cut at this year’s E3 Expo in June, and expect Sony and Nintendo to rapidly follow suit.”

The expectation is that Microsoft will take advantage of the success with Kinect and lower the price of the Xbox 360 Kinect bundle to $300 (US).  Patchter is confident that all three consoles (Xbox 360, PS3 and Wii) will be at least $50 cheaper by the 2011 holiday season.

In opposition, my Magic 8 Ball states firmly that its “sources say no”.

Via: Joystiq

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