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GameStop looks into crystal ball, sees price cuts


Posted by admin on 27 May 2009 / 0 Comment
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GameStop looks into crystal ball, sees price cuts screenshot

Sony can deny and deny all they want, but no one is ever going to believe that they won’t be slicing the price of the PS3 some time this year. In fact GameStop is so sure that a price cut is coming on the PS3, and possibly the Wii, that they’re making their 2009 budgets based around the fact. Speaking during a conference call to investors, CEO Daniel DeMatteo revealed the company’s forecast of 33.5 million hardware unit sales was factoring in price cuts on both the Wii and the PS3.

“That assumes that there will be price cuts on the PS3 and potentially one on the Wii,” DeMatteo said, but admitted that “it’s hard to tell if we actually need a price cut on the Wii to get to our numbers. There are some price cuts built into that assumption, but not until the third quarter.”

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