Sony CEO Confirms PS3 Price Drop

June 15th, 2007 Posted in Business, Hardware, PlayStation 3, Technology by James

dSony CEO Howard Stringer spoke to Financial Times (he rarely speaks to game media, he’s way to important for that) where he revealed plans of a price cut later this year. He said he understood that people want lower price on the console, and said that hey are working on figuring out how much they can cut the price, while still trying to run a business.

He also praised the success of the Wii (!), confirming that Nintendo “had a better business model”, but denied that the Wii was more fun to play than the PS3.

Stringer said that the PS3 follows in the footsteps of the PS2, where the initial sales weren’t good, but it still ended up being the market leader. He added that current games only use about 20% of the PS3s power, and promises that future games will be “dazzling”. Killzone 2, anyone?

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