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| Time:
03:01 EST/08:01 GMT | News Source:
CNN |
Posted By: Robert Stein |
|
Microsoft's Xbox may be on the verge of a substantial price cut, falling from $179 to $99 by Labor Day, according to P.J. McNealy, an analyst with American Technology Research.
"It is our belief that the price on the consoles in North America could see a stepped drop this year, with both the PS2 and Xbox being cut to $129 between now and the May E3 trade show, with [Microsoft] then cutting the Xbox further to $99 in the late summer," he wrote in a research note released Wednesday.
McNealy also believes Microsoft will launch its next generation console in late 2005 – a year earlier than has been previously rumored. That would put the Xbox 2 on store shelves up to a full year before Sony's PlayStation 3.
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Read Only Comments
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Displaying Comments 1 through 2 of 2
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This is an archived static copy of ActiveWin.com.
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#1 By
37 (64.109.31.106)
at
Thursday, January 29, 2004 04:08:09 PM
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Since a recent report shows that the Xbox made its first profit this last quarter, it makes sense that they would drop the price now.
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#2 By
3339 (64.160.58.135)
at
Friday, January 30, 2004 02:00:21 PM
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"Since a recent report shows that the Xbox made its first profit this last quarter, it makes sense that they would drop the price now."
http://www.microsoft.com/msft/speech/FY04/Connors0127Boston.mspx
"With the current cost of goods, which we have taken down fairly dramatically, there's no way to make money on the console in this first generation."
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