We don't trust analysts ... their predictions are based on the same mindless fanboy drivel commonly found on the internet, and their reports often conflict with other analysts' opinions. According to GameDaily, Todd Greenwald from Nollenberger Capital believes that another PSP price cut is inevitable. Why? Two factors.Firstly, if and when a redesigned PSP comes out, the original should drop in price (or, the new model could simply be more expensive, no?). Secondly, sales of the portable have doubled since the price drop, making a further price drop seem that much more lucrative. Of course, one must question the profitability of such a move, and that's where Greenwald's analysis starts to crumble. Even at $170, the PSP is an incredibly advanced piece of tech: it's unlikely that Sony would want to jeopardize their profits by subsidizing the cost of hardware even further (especially in lieu of the massive profit-drain that is the PS3). Sony should be content with the sales increase they've received since the price drop: certainly a doubling is nothing to scoff at.
Reader Comments (Page 1 of 1)
5-25-2007 @ 8:14PM
Steve 3.2 said...
Sales of the PSP have only doubled at GameStop/EB. According to the NPD, PSP sales were 180K in March and 183K in April. So in all honesty, sales haven't changed much at all in the US since the price drop.
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5-25-2007 @ 9:05PM
Kspraydad said...
Steve...
Why would the ONLY double at Gamestop and not elsewhere...what would be the sense in that?
I doubt they have doubled across the board but I also doubt NPD numbers that show only a 1.6% increase in sales. Perhaps NPD doesn't know how to extrapolate Walmart and Costco in the first month of a price drop???
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5-25-2007 @ 10:36PM
txa1265 said...
But they (NPD) didn't seem to have that problem with other systems with meteoric rises or handling holiday sales.
Just seems strange to me - but I don't want to take up either a basher or apologist position. pixelator and I have been round and round on that enough to know that *all* of the data are pretty funky.
All I know is that the PSP sure isn't dead and there are more cool games coming all the time!
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5-26-2007 @ 9:13AM
kingofwale said...
>Why would the ONLY double at Gamestop and not elsewhere...what would be the sense in that?
Obviously one of the number is wrong. Unless Gamestop sells PSP for significant less than everywhere else, it makes NO sense for this to happen. Somebody needs to get the number straight.
I don't see another price drop, not in the eve of some of the best PSP games are about to come out. namely, God of War, Crisis Core...
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