Wedbush Morgan analyst Michael Pachter believes Sony will cut the price of its 80GB PlayStation 3 from $399 to $299 in April. Additionally, he also thinks Microsoft will knock $50 off its 60GB Xbox 360 Pro model in June, which would give it a price tag of $249.
Although his comments on the PlayStation 2 were noteworthy, it's Pachter's predictions for the PlayStation 3 that will likely pique gamers' interest. The financial veteran believes that, after being relegated to third place in the console race by the 360's $199 price drop in September, the 80GB PS3 base model will be cut from $399 to $299 in April.
He also believes that, wishing to maintain momentum, Microsoft will follow suit, knocking $50 off of its 60GB 360 Pro model around the time of the 2009 Electronic Entertainment Expo, which runs from June 2-4. Pachter expects no price cut for the Wii until the holiday season--if there is one at all--due to still-record-high demand for the console.