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PLAYSTATION 3 (PS3)
at 7:27PM PST on October 20, 2008.
RE: 360 Price Cuts Did Not Hinder PS3 Sales
And the same happened when PS3 got a price cut:
"In the same respect, looking back to last year, the PlayStation 3 had a 100 percent increase in weekly sales following its July 2007 price cut, but
was of no nuisance to the Xbox 360
, which achieved a 7 percent gain in the same month."
"While it is tough to conclude using only a few data sets, both situations show
an emerging trend -- a price cut for one system does not hinder sales of the competition
While I still maintain my original analysis that the current
PlayStation 3 price point
is too steep to spur sales this holiday season, it
may not affect its overall potential install base in the end.
In other words, those potential PlayStation 3 owners who are turned off by the current high price point may just delay their purchase until prices come down, instead of buying the cheaper Xbox 360."
I am not sure if I agree, for instance despite sales not appearing to be negatively affected, what if sales of PS3 or 360 would've gone up even higher if the other did not get a pricecut...
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