Pachter: PS3 price cut “looking more and more likely”

Following reports of PS3 stock starting to become pretty scarce in the UK, Wedbush Morgan analyst Michael Pachter has thrown in what could be more corroborating evidence of a price cut for the Sony console.

Following reports of PS3 stock starting to become pretty scarce in the UK, Wedbush Morgan analyst Michael Pachter has thrown in what could be more corroborating evidence of a price cut for the Sony console.

Speaking in a recent VG247 podcast, Pachter said that Japanese retailers are in a situation similar to the one retailers in the UK are experiencing:

ItÂ’s looking more and more likely based on what weÂ’ve heard from retail.

The retail commentary IÂ’ve seen has come out of the UK. I have not seen at US retail. We heard Japanese retail a few weeks ago say they werenÂ’t going to be getting any more PS3s after August 8, and now weÂ’re starting to hear UK retail say they cannot re-order PS3s until month-end.

And that suggests thereÂ’ll be a model change.

If SonyÂ’s practice is the same as it was in the past, and the Slim is more of a redesign of the components to drive down cost, then I think we will get a price cut.

The PS3 price cut is widely believed to be made public at GamesCom in Cologne on Tuesday.

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• Sony’s GamesCom conference just over an hour long, new schedule details announced

Via VG247