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PlayStation 3 could cost as much as $500

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Posted January 12, 2006 by admin in Gaming

Sony might be the next one to set a new price limit in the consoles world. After Xbox 360 having become a hit in spite of its price – $399, which is $100 over the price of the original Xbox – Sony’s PlayStation 3 may debut with a price tag reaching nearly $500, according to analysts and video games developers.

Sony hasn’t commented on specific pricing figures, though Ken Kutaragi, president of Sony Consumer Entertainment, reportedly told attendees of a 2005 corporate meeting "it’ll be expensive."

"[Sony] could now consider launching its PlayStation 3 at a price range of $399 to $499, with the $499 price point more likely," said American Technology Research’s P.J. McNealy in a note to clients Monday.

The strongest argument behind the $499 price point is the PS3’s inclusion of a Blu-Ray drive. This bleeding edge technology will give?Sony significant bragging rights, but it comes at a cost. Pioneer last week at the Consumer Electronics Show unveiled a standalone Blu-Ray player for $1,800.

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