An interview with Sony Computer Entertainment America chief Jack Tretton in the latest issue of Game Informer revealed some troubling news for consumers waiting for a lower-priced PlayStation 3. When asked point blank whether price drops for the PS3 will be " as soon or as drastic as they were for the PlayStation 2," Tretton responded with a curt, " No."

For reference, the PS2 was reduced from $299 to $199 in the United States on May 14, 2002, 565 days after the Oct. 20, 2000 release date. Using this data and Tretton' s above answer, we can expect that the PS3 won' t come down in price until at least June 4, 2008.

The reason for the shallower pricing curve? According to Tretton, the increased investment in R & D and hardware makes the system " a lot more difficult to cost reduce" than the PS2. " There' s a heck of a lot more under the hood and it costs us more money to make it," Tretton told Game Informer. Despite this, Tretton doesn' t seem to think the system' s price will hurt its position in the marketplace. " I think the consumers that get their hands on a PlayStation 3 clearly see the value and not only want to buy one for $599, in some instances they' re willing to pay ridiculous prices to buy one on eBay," Tretton said. (Oh really?)

Yikes!

But then, they wouldn' t hint at a price-cut anyway right now as it may make people who are planning to buy the thing hold off until the cut happens.

Only 4 weeks until VF5 is released, then MotorStorm in March. Maybe sales will boost significantly...

EDIT: LINK

How am I not not surprised...

I belive they will have to cut the price if many games get delayed to 08, i mean, if u deliver Killzone 2, Metal Gear Solid 4, Ratchet and Clank 4, White Knigth Story, Final Fantasy XIII, Tekken 6, next gen SOCOM, Silent Hill 5 and next gen Naughty Dog title in the last 4 months of the year and start 2008 with GT5, and The Getway then u wont have to cut the price anytime soon, but if most of those games get delayed SONY will have to.

This was expected but I think it' s still early for that. Winter 2007 should have been a better time, but what do i know about marketing?* sarcasm*

Only 4 weeks until VF5 is released, then MotorStorm in March. Maybe sales will boost significantly...

And America' s economy will fix itself.....

Im hoping for a price cut, as a PS3 would be cheaper for me than upgrading(or buying) a computer to play UT2k7.
Just as long as I can use M/K on the PS3.

Bad for regular consumers. Sony doesn' t control used console prices. I' ll wait for EB & Gamestop to get desperate.

Ayear on 360 hasent even got a price cut yet. Alltough Microsoft will find it harder to cost reduce than Sony as they get all their parts from other companys, while sony mostly use their own tech.

Ayear on 360 hasent even got a price cut yet. Alltough Microsoft will find it harder to cost reduce than Sony as they get all their parts from other companys, while sony mostly use their own tech.

Yeah, but isnt sony still losing like $200 to $300 for every console they make?