Initially many gamers as well as analyst were shouting out to Sony to cut the prices of the PS3. But now it seems that the analyst have turned their attention else where. Analyst Jesse Divnich has said that Microsoft will have to cut the price of the Xbox 360 in the United States to slow down the momentum of Sony’s next generation console.
Jesse Divnich, who is an analyst with web-based prediction market, simExchange explained, “In the short-term, Microsoft’s only feasible and economical option is to look at reducing its hardware price in North America to at least slow down the PS3’s momentum until it can implement more long-term solutions to winning the next-generation console war.”
Divnich indicated that Microsoft must react quickly and that PS3 has gained considerable ground on the Xbox 360. He also pointed to the impact of PS3’s price cut last year as well as Sony’s Blu-ray victory over the HD DVD. Just yesterday, we had reported that Microsoft is planning to concentrate on digital downloads.