Playstation 3 Price Will Drop Soon, Says Analyst.

He believes the market is expecting a price cut of at least $100USD before June.
[quote]
“Recent channel checks indicate increased speculation for a PS3 price cut announcement from Sony in the next couple of days,” he said.

“We think the company needs to reduce the current price by USD 100 to effectively restart unit velocity at retail. We believe the market is expecting a PS3 price cut in April or by June at the latest.”</blockquote>

What do analysts know? Not a lot. Are they right this time? Probably.