CNN reports analysts and game developers suspect the Sony PlayStation 3 console may have a $500 price tag.
Sony hasn't commented on specific pricing figures, though Ken Kutaragi, president of Sony Consumer Entertainment, reportedly told attendees of a 2005 corporate meeting "it'll be expensive." Analysts and many video game developers, though, suspect the system may debut with a price tag reaching nearly $500.
"[Sony] could now consider launching its PlayStation 3 at a price range of $399 to $499, with the $499 price point more likely," said American Technology Research's P.J. McNealy in a note to clients Monday.
The launch date of the PS3 isn't known yet but we do know it will be sometime in 2006. The $500 price tag makes it an expensive console, considering the Xbox 360 from Microsoft costs only $399. The main reason for the high price appears to be the inclusion of the Blu-ray drive. More details over here.