CNN: the PlayStation 3 is dying on the shelves, cannot compete with Xbox 360

Most of us can agree that the PlayStation 3 desperately needs a price cut. But when CNN says it, whoa nelly: “Tell yourself the PS3 has superior graphics if it makes you feel better, but a $400 console with a mediocre game library simply cannot compete against an Xbox 360 priced at $200 in this economy.”

Ouchies.

Most of us can agree that the PlayStation 3 desperately needs a price cut. But when CNN says it, whoa nelly. In a rather merciless article, CNN’s Eric Krangle explores Sony‘s rather disappointing sales figures.

First pointing out that PS3 sales are down by 19% last month, Krangle proceeds to tear down Sony piece by piece, saying that the problem isn’t the recession, seeing as how Microsoft put up “respectable numbers.”

Despite Sony’s claim that they’re doing fine with the November numbers, Krangle says that the PS3 is “dying on the shelves,” and gives three reasons why it’s “flopping so badly”:

1. It’s the most expensive console on the market, $150 – $200 more than its rivals. Even if you believe the video game industry is “recession-proof” (it isn’t), a tanking economy makes consumers more price-conscious.
2. The PS3’s big bonus is its ability to double as a Blu-Ray player. Too bad no one seems to care about hi-def DVDs. The differences between Blu-Ray and DVD are hard to see on a TV less than 50″.
3. The PS3 just doesn’t have any must-have titles exclusive to the console. “LittleBigPlanet” has generated decent buzz but isn’t a game-changer, and neither is Sony’s new virtual world “Home.”

Ouch. You know what, “ouch” just doesn’t cut it. Krangle concludes with this:

Tell yourself the PS3 has superior graphics if it makes you feel better, but a $400 console with a mediocre game library simply cannot compete against an Xbox 360 priced at $200 in this economy.

• Sony: we’re leading in Europe, no price cuts next Spring
• Sony: no price cuts for Christmas, we’re still a business ya know
• Nintendo: no price drops so you won’t feel cheated

Via CNN