Wedbush Morgan Securities analyst Michael Pachter has released a research note in which he predicts price cuts this year for Microsoft Xbox 360 and Sony PlayStation 3, reports Edge-Online. Pachter said the PS3 will slightly outperform Xbox 360 once sales figures are released for December 2009, mainly driven by Sony s holiday advertising. He predicted both systems will see price cuts by summer of this year, with Microsoft possibly lowering the price of Xbox 360 earlier. He added that, at minimum, he expects a hardware upgrade such as a 250 GB hard drive for Xbox 360. Pachter also predicted a decline for Nintendo s handheld DS system in the US beginning with its December sales performance and persisting through the year.
Read more at Edge-Online.
