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PS3 to Have 10 Year Life Cycle, Will Be Expensive

Filed under: PS3
Posted by Jeremy on July 27, 2005 9:50 AM
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Speaking at the PlayStation meeting in Japan, Ken Kutargi, Sony President, stated that the PS3 will have a 10 year life cycle and will be expensive, according to CNet News. Kutargi confirmed backwards compatibility and HD compatibility. Speaking about the price, Kutargi said, "I'm aware that with all these technologies, the PS3 can't be offered at a price that's targeted towards households...I'm not going to reveal its price today. I'm going to only say that it'll be expensive." So, um, where are you targeting it, Ken? Toward research facilities? If that isn't the dumbest statement I've heard... Meanwhile, the Xbox 360 is on schedule to ship this fall and will be around $300. Do I hear a new king of the console war? Only time will tell.

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