PS3 Does Not Require a Price Drop, Says Analyst

Both Amazon’s US and UK have recently cut the price for PS3; meanwhile, Michael Pachter believes a permanent price cut for the console is incoming. However, one analyst believes the platform doesn’t require a price drop.

Jesse Divnich, of analyst firm EEDAR, explained to GamesIndustry International that a price drop for Sony’s console is not needed at the moment due to its consistent sales:

I don’t believe the PlayStation 3 needs a price drop at the moment. Sales have been consistent and in-line to what one would expect for a platform that continues to successfully grow its install base so late in a console cycle.

Apart from the price cut from Amazon’s US and UK, GameStop recently slashed the PlayStation 3’s price, too, but Sony stressed that it was a “temporary” promotion and it wasn’t prompted by the platform holder.

With GameStop’s recent price drop of PS3 hardware, albeit on a temporary basis, Divnich believes it doesn’t hint at any sign of decline for the console:

There could be many elements at play, but I highly doubt this is any indication of weakness for the PlayStation 3.

What are your thoughts? Does the PS3 need a price drop?