By now we are all waiting with baited breath for Sony’s announcement tomorrow, which we all hope will be the unveiling of their next generation gaming console? With that said, Sony already has the PS3 on the market and the announcement of a new console (PS4) would mean that they need to start moving out old inventory to make way for the new.
Well if popular deal hunter site, Dealnews, is right then we could be in for a pretty major price drops for the PS3. To try to understand exactly what discounts we might be in store for, they turned to previous console announcements to see how they affected the prices of their predecessors.
The PS3 was officially announced by Sony at E3 in May of 2005. Prior to its announcement, deals for the PlayStation 2 had been averaging $160. After the PS3’s announcement, the PS2 dropped to an all-time low of $129, or 56% off its full retail price. At the time, that price was unheard of for the PS2.
Fast forward to the PS3’s actual release to customers in November of 2006, and the PS2 dropped in price again; this time it fell to a new all-time low of $116, or 61% off the full retail price. In a similar fashion, they found a Nintendo Wii deal that dropped to an all-time low of $89 (64% off full retail price) a week after the Wii U’s debut last November. While we’ll admit that the Wii deal is less compelling evidence, there is no denying the facts on the PS3/PS2 pricing.
When an older device is phased out for a newer one, we always expect a price drop on the original. If pricing patterns remain consistent from last generation, Deal news expects that we could see deals on the 160GB PS3 as low as $144 (64% off full retail price). While that may sound extreme, keep in mind that we’ve already seen this model hit $200 multiple times in November and December. For my money, the PlayStation 3 is still the most powerful and versatile console on the market (until tomorrow possibly), so at $144 it would be an absolute steal for just about anyone.
As an avid yet cost conscious gamer, I realize that if and when Sony announces their next console, it won’t fit into everyone’s price range. With that said, if the PS3 sees anything close to the kind of price drop we’ve seen in the past after new console announcements, this could be a great opportunity for a while new set of gamers to enter the market. The PS3 plays Blue-Rays and DVDs, has apps for Netflix, Amazon Instant, and Hulu and much more. Combine that with PlayStation Plus, the $50/year subscription plan which gets you tons of free games and content. When you combine that with a possible price drop, it makes the PS3 a solid choice for gamers as well as folks who want a solid device for their media hub. Even if you don’t game, the PS3 is still one of the best Blue-Ray players on the market.
While a lot of you that read this site probably already own a PS3, if you don’t or maybe you have an Xbox 360 and want to pick up a PS3 as well, keep an eye out because some good deals may be on the way.
Source: Deal news