Chubachi denies plans for PS3 price cut

Chubachi denies plans for PS3 price cut · 07-07-2007, 04:58 PM

Sony Corp. has no plans to cut the price of its PlayStation 3 (PS3) at present to pep up demand and counter surging sales of Nintendo's rival game console Wii, Sony's president said on Friday. Sony President Ryoji Chubachi also said in an interview that operating profit margin at its mainstay electronics unit, which makes hot-selling Bravia LCD televisions and Cyber-shot digital cameras, was likely to exceed its 4 percent target for the current year to March 2008.

The higher price tag and lack of attractive software titles have been cited as main reasons the PS3 has been trailing the Wii in sales, and analysts have been widely expecting Sony to soon slash the price to spur on demand.

"If you take a look at how PlayStation and PlayStation 2 have taken off, this is not such an unusual start," Chubachi said. Chubachi said the company was on Track to hit its target of a 5 percent operating profit margin for the year to March 2008, and its electronics division will likely exceed the 4 percent target.

The margin targets, set in 2005, have been considered as the most visible indicator of success for turnaround efforts by Chief Executive Howard Stringer and Chubachi.

In a sign of lack of confidence on the side of investors, however, Sony, which has sales eight times as big as Nintendo, was overtaken by the Kyoto-based company last week in market capitalization and bumped off the list of Japan's 10 most valuable companies.

Source: Reuters

ali.tayyab · 08-07-2007, 02:01 AM

the price will come down... if not know, then surely when sony is kaput!

Faisal · 08-07-2007, 10:53 AM

Yes thats exactly what it means....

Adam · 09-07-2007, 06:42 AM

pricecut confirmed for PS3 ... 60gb for 499$ and a new 80GB with free copy of motorstorm for 599$

wolverine123 · 09-07-2007, 01:57 PM

yea it has been confirmed saw it on gamefaqs too

Faisal · 09-07-2007, 04:09 PM

Quote:

Originally Posted by Adam

pricecut confirmed for PS3 ... 60gb for 499$ and a new 80GB with free copy of motorstorm for 599$

Any official confirmation ? Link?

Fahim · 09-07-2007, 05:38 PM

well try it on Cnn.com, i saw this on the news. it is still to expensive yaar.

gttx · 10-07-2007, 02:47 AM

Quote:

Originally Posted by Faisal

Any official confirmation ? Link?

and i had to pay for my copy of motorstorm

and i got 60GB version. i feel like a looser

Adam · 10-07-2007, 08:26 AM

Quote:

Originally Posted by Faisal

Any official confirmation ? Link?

http://www.engadget.com/2007/07/08/s...el-to-hit-nor/

Faisal · 10-07-2007, 04:20 PM

Thats good !
But 80GB PS3 is pld news..... I posted that in old forum.

07-07-2007, 04:58 PM	#1
Chubachi denies plans for PS3 price cut Faisal PK Addict Join Date: Jun 2007 Location: Rawalpindi Posts: 1,024 Faisal 07-07-2007, 04:58 PM Rating: () Sony Corp. has no plans to cut the price of its PlayStation 3 (PS3) at present to pep up demand and counter surging sales of Nintendo's rival game console Wii, Sony's president said on Friday. Sony President Ryoji Chubachi also said in an interview that operating profit margin at its mainstay electronics unit, which makes hot-selling Bravia LCD televisions and Cyber-shot digital cameras, was likely to exceed its 4 percent target for the current year to March 2008. The higher price tag and lack of attractive software titles have been cited as main reasons the PS3 has been trailing the Wii in sales, and analysts have been widely expecting Sony to soon slash the price to spur on demand. "If you take a look at how PlayStation and PlayStation 2 have taken off, this is not such an unusual start," Chubachi said. Chubachi said the company was on Track to hit its target of a 5 percent operating profit margin for the year to March 2008, and its electronics division will likely exceed the 4 percent target. The margin targets, set in 2005, have been considered as the most visible indicator of success for turnaround efforts by Chief Executive Howard Stringer and Chubachi. In a sign of lack of confidence on the side of investors, however, Sony, which has sales eight times as big as Nintendo, was overtaken by the Kyoto-based company last week in market capitalization and bumped off the list of Japan's 10 most valuable companies. Source: Reuters __________________ GOD Bless the Internet !
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