PS2 Price Drop Likely

According to this article from Gamesindustry.biz, Colin Sebastian of Lazard Capital, is predicting a price cut on the Sony Playstation(R) 2. Sebastian isn't going out on a limb here. Every year around E3 time (May-ish) we hear of possible price cuts. Add in gloomy software sales, the end of a console cycle (typically about 5 years), and the PS3 delay, and it seems highly likely that Sony will cut the price. On the other hand, what do they have to gain from it? They already have the market saturated. In all likelyhood, the people most likely to buy the $129 PS2 are those whose PS2 have broken or are performing poorly after 5 years of use. Hey, when you have to shake your PS2 upon booting up a game to get it to work, you know it's at the end of its life.

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