Pachter on the PSP Go: Sony is ripping consumers off

Wedbush Morgan analyst Michael Pachter had some pretty strong words to say about Sony‘s decision to slap a US$ 249.99 price tag on the new PSP Go. In Pachter’s opinion, Sony is practically ripping off people with it.

Wedbush Morgan analyst Michael Pachter had some pretty strong words to say about Sony‘s decision to slap a US$ 249.99 price tag on the new PSP Go. In Pachter’s opinion, Sony is practically ripping off people with it. Here’s what the analyst said in GTTV’s analysis of Sony’s E3 2009 presentation:

The US$ 169 PSP-3000 is a profitable device. They make money, so it costs less than that. The disc assembly for a UMD costs more than 16 gigs of flash does. So this new device doesn’t cost them as much to make as the PSP-3000 and they jack the price up US$ 80… They’re ripping off the consumerÂ… They’re making a lot more money on the PSP Go than theyÂ’re making on the PSP-3000.

Pachter also noted that the Go’s price tag was likely a move to compete with the US$ 299.99 16GB iPod Touch. Check out the whole thing in the video below.

• PSP Go UK price not yet confirmed
• E3 2009: More spicy tidbits on PSP Go: five to six hours battery life, same SDK as other PSP’s, new video hands-on