Update (June 9):
In addition to introducing the new 1TB Xbox One at $399, Microsoft officially cut the price of its 500GB Xbox One model to $349 in the United States and select regions today.
With the Xbox One already being sold at a reduced price and the PlayStation 4 dominating this console generation, Wedbush’s Michael Pachter doesn’t believe a price cut is coming for either system at E3 2015 next week.
Releasing an investor’s note with his expectations for the big event, Pachter says the Xbox One might even go back up to $399 in time for the holidays:
We do not expect Microsoft to permanently cut the price of the Xbox One without Kinect from $399, instead focusing on compelling bundles with first- and third-party content, with some of the applicable games included as free pack-ins… Although the price of the Xbox One has been discounted by $50 for much of 2015, we believe that the price will revert back to $399 by the time that the holidays arrive, particularly if sales pick up.
Referencing recent company statements and NPD data, Pachter suggests the PS4 appears to be significantly outselling the Xbox One, leaving Sony with little reason to cut the price. However, he expects more PS4 bundles with games and bigger hard drives to come out this year.
Looking at the PlayStation 3 and Xbox 360 though, Pachter thinks we’ll see “long overdue” price cuts of at least $50.
Do you think Sony or Microsoft will announce price cuts for any of their systems?
[Source: Games Industry]