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Overkill/Undercover
Posts: 6,969
Join Date: Sep 2003 Location: Well I love in a house in the Northeast U.S., playing my Nintendo DS.
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Sony Pwned Themselfs!!!!!!!!!
Sony sticker shock: $500 PlayStation 3, $249 PSP are possibilities
Revenues, sales, even price tags are on the rise as analysts address the upcoming transition to next-gen machines.
In a year-end report that puts Leo Tolstoy to shame, industry analysts Michael Pachter and Edward Woo of Wedbush Morgan Securities presented the industry today with a 144-page tome of charts, theories, prognostication, and predictions. Unlike Tolstoy, however, their book has a happy ending.
Titled: The Definition of Insanity: Why The Next Console Cycle Will Start Off With A Whimper, the analysts present an "in-depth look at interactive entertainment software." And while many of the report's data points were revealed in May, during a Pachter-hosted E3 Conference Program luncheon, most of the data is, in fact, new.
Probably the most exotic of the report's predictions was a reference to Sony's PlayStation 2 update. The report suggests Sony is considering adding PSX and TiVo-like functionality to the PlayStation 3. And if it does, the sticker price on the unit could climb as high as $500. The report states: "We expect Sony to introduce its next console with more functionality than its current console. We base this conclusion on the introduction of the PSX, planned for late this year. The PSX will include a Digital Video Recorder (similar to TiVo) functionality; broadband Internet accessibility; wireless LAN functionality; and DVD read-write functionality. These features add approximately $500 per unit to the cost of production, resulting in an expected launch price of around $700. By late 2006, we expect the cost to include these features to decline to around $250, but speculate that the next generation console, should it include these features, could debut at $500. At this level, we believe that many consumers will be alienated."
Other key findings include an industry-wide growth rate (of revenues) of 10 percent per year through 2010 and a growth rate of 14.5 percent in revenues for console and handheld software in the US for the next three to four years.
The report also suggests US publishers will begin to see a significant increase in sales of game software in Japan, and that software sales will surpass domestic music sales (in revenues) over the next two years. Of note on the hardware front, the analysts expect that due to increasing multimedia functionality (DVD playback, high-def capabilities, and Web access) that the percentage of households that own at least one console will climb from 38 percent seen during the 32-/64-bit cycle to 52 percent during the ongoing 128-bit cycle.
On the PC front, the report isolates three titles that will act as key market movers: Doom 3, The Sims 2, and Half-Life 2, and that PC sales overall will be driven to "near record levels."
As well, the Wedbush analysts check in with their estimate of the PSP launch price, pegging the hardware to sell at $249.99 and software to retail for around $30.
Ultimately, it will be female gamers, the increased spending power of "tween" gamers (8-to-14 year olds), and aging but committed gamers introduced to interactive entertainment on the Atari 2600, for example, that will fuel the continued and dramatic growth of the industry.
The report's summary closes with the following brave prediction: "We expect interactive entertainment to be the fastest growing entertainment sector over the next five to 10 years. We forecast the interactive entertainment industry to grow US software sales by approximately 11.4 percent per year over the next three years. We project book and music sales to grow less than 5 percent per year over the next three years and we believe that box-office movie receipts will grow in the 2-4 percent range over the same time period. Using our projected growth rates, we forecast that the US interactive entertainment industry in 2004 will continue to be larger than these competing entertainment sectors (with the exception of the music industry which we believe will be surpassed over the next three years), becoming the largest of these major entertainment sectors within the US."
By Curt Feldman -- GameSpot
POSTED: 06/21/04 04:52 PM PST[/QUOTE}
HAAAAAAAAHHAAHAH!
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Can I come over your house? We can play Doom.-*lil Link*
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Friend of the Friendless
Posts: 18,111
Join Date: Apr 2003 Location: Houston
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Their overdoing things,, They will die soon.
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I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -Thomas Jefferson,
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Birdo
Posts: 446
Join Date: Jun 2004 Location: Canada
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I just read this peice on gamespot myself. It is nothing but speculation at this point but the projected pricing seems very plausible. That means here in Canada the PSP would retail at just under $400!!!! As a 24 yr old gamer with plenty of friends that game that are around my age or older I don't know even 1 person who will buy a handhald at $400 (CDN) no matter what it does or who it is made by....................... unless it picks up women for you too!!
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Someone's Ugly Daughter
Posts: 19,378
Join Date: Apr 2003 Location: In a new home.
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Originally posted by RyZ
I just read this peice on gamespot myself. It is nothing but speculation at this point but the projected pricing seems very plausible. That means here in Canada the PSP would retail at just under $400!!!! As a 24 yr old gamer with plenty of friends that game that are around my age or older I don't know even 1 person who will buy a handhald at $400 (CDN) no matter what it does or who it is made by....................... unless it picks up women for you too!!
I know what you mean man, I cant see myself paying 400$ for the PSP. Id REALLY rather spend the money on an IPod, which would be my main reason for owning a PSP (for the music). It just seems to be being such a waste, I dont get it.
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wat
Posts: 2,363
Join Date: Jun 2004 Location: UC San Diego
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Ouch. $500 is a lot for a console, especially coming from a generation when some consoles launched with prices of $250 . The PS3 better make me breakfast for $500. And a damned good breakfast, at that.
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Overkill/Undercover
Posts: 6,969
Join Date: Sep 2003 Location: Well I love in a house in the Northeast U.S., playing my Nintendo DS.
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Originally posted by ch0wdy
Ouch. $500 is a lot for a console, especially coming from a generation when some consoles launched with prices of $250 . The PS3 better make me breakfast for $500. And a damned good breakfast, at that.
It also better have a pizza maker too....
Yeah I hope Sony dies, and they go back to making Tvs, and then nothing works out and they file for bankruptcy.
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Piranha Plant
Posts: 228
Join Date: Jun 2004 Location: Jerz
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Originally posted by theXIASProject
It also better have a pizza maker too....
Yeah I hope Sony dies, and they go back to making Tvs, and then nothing works out and they file for bankruptcy.
you act as if they did somthin horribly wrong to you
I wish the best for sony in everything they do cept consoles
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*insert whitty title*
Posts: 8,005
Join Date: Feb 2003 Location: Ohio
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Sony is just full of themselves. They think if they market any product with virualy any price tag and as long as it bares the Playstation name, it'll sell. Granted, none of this is confirmed, but it does sound very plausable.
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wat
Posts: 2,363
Join Date: Jun 2004 Location: UC San Diego
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Originally posted by Sirius
you act as if they did somthin horribly wrong to you
I wish the best for sony in everything they do cept consoles
They killed my baby, Dreamcast. 
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is it?
Posts: 22,220
Join Date: Sep 2002 Location: Louisiana
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If the PS3 launches at $500 (which it won't) it'll fail miserably. $300 is the absolute most that I will even consider paying for a system, and even that is stretching it.
...as for the PSP, $250 is bad, but not as bad as $300. I still won't buy it.
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Kung Fu treachery.
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Overkill/Undercover
Posts: 6,969
Join Date: Sep 2003 Location: Well I love in a house in the Northeast U.S., playing my Nintendo DS.
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Originally posted by ch0wdy
They killed my baby, Dreamcast.
Yeah....DreaMCAST pwnz!!!!!!!!
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Friend of the Friendless
Posts: 18,111
Join Date: Apr 2003 Location: Houston
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Originally posted by Pojo
If the PS3 launches at $500 (which it won't) it'll fail miserably. $300 is the absolute most that I will even consider paying for a system, and even that is stretching it.
...as for the PSP, $250 is bad, but not as bad as $300. I still won't buy it.
Yes, Cube was 200$ ahhh so sweet. Revolution will be 300$ i think i read somewhere though 
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I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -Thomas Jefferson,
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Mr. Tambourine Man
Posts: 10,533
Join Date: Mar 2003 Location: Australia
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If any of this is true, look for M$ or Nintendo to be leading the gaming market in 5-7 years.
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Like the Groundhog Phil.
Posts: 28,937
Join Date: May 2002 Location: Washington, D.C.
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The price point on the upcoming generation could realistically go to $250, but I don't see how it could go any higher.
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is it?
Posts: 22,220
Join Date: Sep 2002 Location: Louisiana
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Originally posted by Advance
The price point on the upcoming generation could realistically go to $250, but I don't see how it could go any higher.
$250? I'd think they would be $300 at the very least. Why would Sony bother lowering their console to $250 when it did so well at $300?
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Kung Fu treachery.
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Birdo
Posts: 446
Join Date: Jun 2004 Location: Canada
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Originally posted by Pojo
$250? I'd think they would be $300 at the very least. Why would Sony bother lowering their console to $250 when it did so well at $300?
Exactly. I would think that the next gen consoles will have to retail at either the same price or higher than the current gen consoles did upon release.
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Is she worth it?
Posts: 9,577
Join Date: Sep 2002 Location: Boston
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My guess is that if this is true, there will be 2 versions of PS3. The standard version for $300, and the deluxe version with TiVo and other extras for about $500.
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Nerd
Posts: 17
Join Date: Mar 2003 Location: The Netherlands
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lol, remember how expensive the PS2 was at launch? and do you know what console now dominates the console market?
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Piranha Plant
Posts: 228
Join Date: Jun 2004 Location: Jerz
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Wild guess......PS2?
My local kb Toys was selling ps2 for 500 or somthing iono its was outrageous
Some kid from my school bought one at that price. He would make fun of people who didnt have one iono like a month after that the price droped. He was so stupid everyone hated him.
**** u Robert
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Lakitu
Posts: 1,193
Join Date: Jun 2004 Location: NJ
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Originally posted by Pojo
If the PS3 launches at $500 (which it won't) it'll fail miserably. $300 is the absolute most that I will even consider paying for a system, and even that is stretching it.
...as for the PSP, $250 is bad, but not as bad as $300. I still won't buy it.
It won't fail. It just won't sell as quickly. Remember the price tage of the Saturn and PS when they were released. $400. And most stores were selling them for $600-800 and they were selling. So anything anyone says about price, can be nullified. The main thing will be, if people want the PS3. With the state of the gaming industry now, it's possible that all three systems could get the **** end of the stick if they don't make something worthwhile on the new systems that couldn't be implemented on the current ones. (GC and XBOX)
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wat
Posts: 2,363
Join Date: Jun 2004 Location: UC San Diego
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The PS2 sold for outrageous prices, even older consoles like the sega genesis sold for like $500 or something. Remeber, though, people aren't going to want to pay nearly 2x the cost for a console. Hell, people may realize that they could potentially buy an Xbox 2 and a GCN 2 (whatever those may officially be called) for the price of a PS3. Knowing nintendo, they'll develop, or are developing, another incredibly efficient console.
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steamid: chowdy
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Steady Rockin' All Night
Posts: 14,141
Join Date: Aug 2003
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Originally posted by ch0wdy
even older consoles like the sega genesis sold for like $500 or something.
You pulled that right out of your ass, the Genesis retailed at $200 just like the Super Nintendo and various other systems. The most outrageous pricing I have ever seen for a system was probably 3DO at $700, the 32x at $200 and the Virtual Boy at $180.
I have a feeling the whole industry will pull a 180 and before you know it the hip thing will be playing games like Giftpia and growing virtual gardens while games like GTA 7 are in the bargain bin barely making sales. 
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Beware the Meteorologist
Posts: 3,988
Join Date: Jul 2002 Location: Home
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Originally posted by ONI5
It won't fail. It just won't sell as quickly. Remember the price tage of the Saturn and PS when they were released. $400. And most stores were selling them for $600-800 and they were selling. So anything anyone says about price, can be nullified. The main thing will be, if people want the PS3. With the state of the gaming industry now, it's possible that all three systems could get the **** end of the stick if they don't make something worthwhile on the new systems that couldn't be implemented on the current ones. (GC and XBOX)
And the PS sold like crap. It wasn't until a year or so after the N64 came out that the PS started selling well. People may like gadgets, but in the end, videogames are toys and no one is going to pay $500 for a toy.
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Would Axl be on drums?
Posts: 8,578
Join Date: Aug 2002 Location: Ontario
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Originally posted by ONI5
It won't fail. It just won't sell as quickly. Remember the price tage of the Saturn and PS when they were released. $400. And most stores were selling them for $600-800 and they were selling. So anything anyone says about price, can be nullified. The main thing will be, if people want the PS3. With the state of the gaming industry now, it's possible that all three systems could get the **** end of the stick if they don't make something worthwhile on the new systems that couldn't be implemented on the current ones. (GC and XBOX)
400!!!! no way thats true for PS. Maybe 400 CND but even then.
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Banned
Posts: 2,683
Join Date: Jun 2003 Location: Texas (Yes, it sucks.)
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The only way I'm going to buy a $500 PS3 is if it comes with a holographic Princess Leia that gives blowjobs when you press Triangle.
"Help me Obi-Wan! You're my only- *blubble blubble splurt*"
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Like the Groundhog Phil.
Posts: 28,937
Join Date: May 2002 Location: Washington, D.C.
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Originally posted by Pojo
$250? I'd think they would be $300 at the very least. Why would Sony bother lowering their console to $250 when it did so well at $300?
My mistake--that was supposed to be $350. What I meant was $50 higher than the launch price of the current generation.
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has a very loud thumb
Posts: 19,509
Join Date: Oct 2002 Location: Austin, Texas
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Originally posted by Firefox
The only way I'm going to buy a $500 PS3 is if it comes with a holographic Princess Leia that gives blowjobs when you press Triangle.
"Help me Obi-Wan! You're my only- *blubble blubble splurt*"
Carrie Fisher hates you.
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Dragon164z Someday you're going to have to break it to those girls that she's only friends with them to insure that she will always be the cutest girl in the picture.
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wat
Posts: 2,363
Join Date: Jun 2004 Location: UC San Diego
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Originally posted by Rocksteady
You pulled that right out of your ass, the Genesis retailed at $200 just like the Super Nintendo and various other systems. The most outrageous pricing I have ever seen for a system was probably 3DO at $700, the 32x at $200 and the Virtual Boy at $180.
I have a feeling the whole industry will pull a 180 and before you know it the hip thing will be playing games like Giftpia and growing virtual gardens while games like GTA 7 are in the bargain bin barely making sales.
You don't have to be an asshole about it.
My apologies, i was quoting my friend and he bought a super bundle pack at costo many years ago. I was unaware of the bundle, and i now find that it was $350 - $400 (the bundle).
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Lakitu
Posts: 1,193
Join Date: Jun 2004 Location: NJ
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Originally posted by extremesonic
400!!!! no way thats true for PS. Maybe 400 CND but even then.
My mistake. PS was 299 USD the Saturn was 399 USD. But both were being sold for higher at mom and pop stores.
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Nerd
Posts: 97
Join Date: Jun 2004 Location: A little beyond insanity
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Originally posted by Pojo
If the PS3 launches at $500 (which it won't) it'll fail miserably. $300 is the absolute most that I will even consider paying for a system, and even that is stretching it.
...as for the PSP, $250 is bad, but not as bad as $300. I still won't buy it.
Let's pretend for a moment that American money is worth twice as much as Canadian. I recall when the PS2 first came out, and there was limited quantities. The Canadian price for them was between $750-$800 (I remember because I made fun of my friend when he bought one....and he still has the receipt) Some stores even jacked the price up to $1000, and the PS2s were still selling like hot cakes (If hot cakes were selling really well) So......american wise.....we were paying betweenn $375-$500 for those bad boys when they first came out....and they sold beyond very well.
In short, there's no reason why Sony couldn't release their new system for 500 bucks. It's got the name, and they apparantly know how to sell almost anything.
Damn you Sony!
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Naïve Buttface
Posts: 4,218
Join Date: Dec 2002 Location: Who knows?
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The reason they sold so well even at the higher prices was because it was the only option. The other consoles didn't come out for a year, and Christmas was coming up, and everyone wanted the new console.
Next gen consoles will all be released within a month of each other, so price will become an issue. Expensive consoles won't sell like the PS2 did.
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Beware the Meteorologist
Posts: 3,988
Join Date: Jul 2002 Location: Home
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Originally posted by gramathy
The reason they sold so well even at the higher prices was because it was the only option. The other consoles didn't come out for a year, and Christmas was coming up, and everyone wanted the new console.
Next gen consoles will all be released within a month of each other, so price will become an issue. Expensive consoles won't sell like the PS2 did.
Unless of course the Xbox 2 comes out in 2005, as is rumored to be. Then there'll be a year's gap between console releases, as the Sony and Nintendo platforms are supposedly being released in 2006. I don't know if this is such a wise move on Microsoft's part. They don't have the Sony name and, unless they can get out Halo 3 by then, they're not going to have the software either.
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Banzai Bill
Posts: 702
Join Date: Jun 2004 Location: Redmond, WA
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I truley belive that Sony belives that anything with their name will sell. Every Sony product that I have had has broken on me... And I'm not kidding.
One example: Sony Ericsson T200 (or whatever)
Sitting at my friend's place, playing SSMB on his Gamecube. Have the phone in it's case (by Sony as well), and in a cell phone pocket (came with pants...dont ask) I turn over to grab the remote and, *CRACK*! The screen on the phone is busted.
Luckily they replaced it for free, only to have the same thing to happen again. My old Nokia was ALOT sturdier, and my new phone is as well.
And on a side note, has Nintendo not stated that it will do it's best to be out first? Lately they have impressed me, and I belive they will be out around the same time as M$. As for Sony, late 2006/early 2007 is my guess.
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Skeeter
Posts: 107
Join Date: Jun 2004
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Originally posted by Rocksteady
You pulled that right out of your ass, the Genesis retailed at $200 just like the Super Nintendo and various other systems. The most outrageous pricing I have ever seen for a system was probably 3DO at $700, the 32x at $200 and the Virtual Boy at $180.
I have a feeling the whole industry will pull a 180 and before you know it the hip thing will be playing games like Giftpia and growing virtual gardens while games like GTA 7 are in the bargain bin barely making sales.
I remember the Neo-Geo sold for near 1000$, with the games running 200$, or thereabouts (someone correct me if I'm wrong. Maybe it was 100$ for the games ...
anyway, that didn't sell well, either. As for the 500$ ps3 pricetag, that's just speculation, don't forget.
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