Activision CEO Bobby Kotick made a bold statement that the PS3 and XBox 360 needed to fall below that of the Wii to compete at the Reuters media summit in New York yesterday.
"The Wii at its price point is now setting a standard and an expectation, and people say, well, the Wii is less complex technically. I don't think that really matters as much to the consumer,"
He added that the key price point for mass adoption was $199.00
Well, yeah... and the DS should then drop to $99.00 and the new and improved PSP to $129.99 :) It would be nice! Of course game publishers want console prices to fall. That makes it more affordable to the masses which then gives them a larger base of potential game buyers. At $129.99, I'd buy the new PSP. At $199.99 there would be a run on the PS3 as Home Theater enthusiasts and installers buy it for the Blu-Ray capability.
What do you think about the Holiday console pricing wars?