Holstein912
07-14-2008, 09:48 PM
Company chief says Xbox cut shows PS3 is winning
Washington, D.C. (July 14, 2008) -- Sony Chairman Howard Stringer says the company does not plan to lower the price of its $399 Play Station 3, which has a Blu-ray player inside.
Stringer made the remarks Friday to Bloomberg News following reports that Microsoft is cutting the price of its XBox 360 from $349 to $299.
The Sony chief said the Microsoft price cut is evidence that the XBox is falling behind the PS3 in overall sales. According to The NPD Group, PS3 sales have surpassed the XBox this year, although both consoles still trail Nintendo's Wii.
"We're not considering lowering the price," Stringer said. "We don't have to be nervous about what Xbox 360 does. We're in fine shape."
Since the PS3 has a Blu-ray player inside, a price cut would help drive sales of the high-def disc as well.
Source: TV Predictions
Cheers
Holstein912
Washington, D.C. (July 14, 2008) -- Sony Chairman Howard Stringer says the company does not plan to lower the price of its $399 Play Station 3, which has a Blu-ray player inside.
Stringer made the remarks Friday to Bloomberg News following reports that Microsoft is cutting the price of its XBox 360 from $349 to $299.
The Sony chief said the Microsoft price cut is evidence that the XBox is falling behind the PS3 in overall sales. According to The NPD Group, PS3 sales have surpassed the XBox this year, although both consoles still trail Nintendo's Wii.
"We're not considering lowering the price," Stringer said. "We don't have to be nervous about what Xbox 360 does. We're in fine shape."
Since the PS3 has a Blu-ray player inside, a price cut would help drive sales of the high-def disc as well.
Source: TV Predictions
Cheers
Holstein912