[UPDATE] Microsoft has announced the 500GB Xbox One's price has dropped to $350 permanently. This permanent price point follows months of offering the console at that discounted price as a promotion.
Original story is below.
Wedbush Securites analyst Michael Pachter has said Microsoft and Sony are unlikely to announce price drops for the Xbox One and PlayStation 4 at E3.
Speaking in an investor note, Pachter offered his expectations for the upcoming conference, saying he believes Microsoft will offer more compelling bundles instead of dropping the price of its console.
"We do not expect price cuts for the Xbox One or PlayStation 4," he said. "We do not expect Microsoft to permanently cut the price of the Xbox One without Kinect from $399, instead focusing on compelling bundles with first- and third-party content, with some of the applicable games included as free pack-ins."
"Although the price of the Xbox One has been discounted by $50 for much of 2015, we believe that the price will revert back to $399 by the time that the holidays arrive, particularly if sales pick up," he continued.
Pachter believes Sony will use a similar strategy, as it has seen success with this model thus far and, according to Pachter, the PS4 continues to outsell the Xbox One, giving Sony little incentive to drop the price.
Cheaper prices for the Xbox 360 and PlayStation 3, however, may be announced. Pachter continued on to say drops of around $50 for the last-generation consoles are "long overdue."
Microsoft and Sony are both holding E3 press conferences on June 15. Take a look at our full E3 press conference schedule for further timing details.
For more on the show and GameSpot's coverage plans for it, check out the video below.
You need a javascript enabled browser to watch videos.
Click To Unmute
GameSpot at E3 2015 - All You Need to Know!
GameSpot's Top 10 Games of 2023
Thompson: The Pop Culture Icon’s Strange Legacy - LoadoutFirearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Saeko Mukoda Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Eric Tomizawa Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Kazuma Kiryu Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Koichi Adachi Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Yu Nanba Character Spotlight Trailer
Share
LinkEmbed
Size:640 × 360480 × 270
Start at: End at: Autoplay Loop
Want us to remember this setting for all your devices?
Sign up or Sign in now!
Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
00:00:00
HTML5
Auto HD High Low
Report a problem
Sorry, but you can't access this content!
By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy
enter