Sony has made the first price drop in the new generation of console wars, and industry watchers think it might be time for Microsoft to answer.
Lazard Capital Markets' Colin Sebastian, Wedbush Morgan Securities' Michael Pachter, Oppenheimer's Shawn Milne, and Nollenberger Capital Partners' Todd Greenwald all brought up the possibility of an Xbox 360 price cut, but they differed on how much the cut would be and when it would be revealed.
Pachter suggested Microsoft would cut the price of the Elite model of Xbox 360 from $479 to $399, with the Pro and Core packages shedding $50 each, to $349 and $249, respectively.
"On balance, we think that the lower $499 price point for the PS3 60GB model offers consumers a compelling value compared to the current $479 price point for the Xbox 360 Elite model," Pachter wrote. "While the Elite has a 120GB hard drive and HDMI cables, it does not have WiFi built in nor does it offer Blu-ray playback capability, with both standard features for the PS3. Similarly, we think that the $499 PS3 compares quite favorably with the $399 Pro 360 model, which has only a 20GB hard drive and no HDMI output. Because of this favorable comparison, we believe that Microsoft is all but compelled to cut prices, and we think the price cuts will come no later than at Microsoft's Tuesday night press conference."
"The sudden closure of several video-game studios at Microsoft Corp.’s Xbox division was the result of a widespread cost-cutting initiative that still isn’t finished.
This week, Xbox began offering voluntary severance agreements to producers, quality assurance testers and other staff at ZeniMax, which it purchased in 2020 for $7.5 billion, according to people familiar with the company’s plans. Others across the Xbox organization have been told that more cuts are on the way.
Speaking about the closures more broadly, Booty said that the company’s studios had been spread too thin — like “peanut butter on bread” — and that leaders across the division had felt understaffed. They decided to close these studios to free up resources elsewhere, he said.
Game Pass has not seen the massive growth that Xbox boss Phil Spencer may have been hoping for."
Sense it seems very few remember that human's were around before 2020 the next studio to close will be bethesda based no doubt on the history of.
Fallout 76
Elder scrolls online
elder scrolls blades mobile
fallout mobile
The vr versions of old games
Then you got starfield pissing out cash nothing to cover it.
I doubt tod's team or any sub team is making m$ cash they are no doubt on the chopping block for job cuts
If you can remember before 2020 even fallout 76 was made with over 4 studios.
"Speaking about the closures more broadly, Booty said that the company’s studios had been spread too thin — like “peanut butter on bread” — and that leaders across the division had felt understaffed. They decided to close these studios to free up resources elsewhere, he said"
So what you're saying is...you bought all these studios and you guys can't run them.
Jesus.
Spread thin after firing over 2000 employees a few months prior. So basically they created the problem and their solution was to just fire more people. Absolute geniuses over at Xbox, of course can we even believe this to be the reason for the closures?
9 agrees of course pro sony site
Oh look knowledge
https://www.pcgamer.com/aft...
They left them do there "magic" for 3 years lost alot of money redfall is what made them take charge.
This is right now m$ in charge
Leaders can't run them hire more management create new roles don't shutter entire studios cause you can't figure out how to run them.
Unless the reality is this whole consolidation thing was really an excuse for IP harvesting
Reports are suggesting that Game Pass will be getting a price hike soon and that Call of Duty may not be added to the day one offering. I honestly have a hard time believing this but it does beg the question why exactly did GP fail? I think the answer is that it just didn't get the growth that it anticipated. Jim was right but I wish he wasn't because at the end of the day, its gamers, devs and other front-line workers who have to absorb the blow for Spencer and team's miscalculations.
Honestly as long as is not a situation where the industry has to contract in order focus wealth on a few people who are already trillionaires..
For all the armchair executives who were calling for Sony to release its big-budget AAA games on PS+, the same exact thing would have happened at PlayStation. Game Pass has killed Xbox. Congrats.
There's not many of of us clamoring for Sony to do this because most of us understand it would kill Playstation. I'm sure there's a few but I've not seen alot of it myself.
I will give you a like sense this site is pro sony even the mods will delete this comment like my last asap as they defend sony 24/7.
Those with brains knows microsoft a trillion dollar company cares little about devs and is all about making cash so they will lease out ips gamepass is not a loss like amazon/netflix the overall ms make billions a week.
A look back at 4A Games' admirably consistent post-apocalyptic shooter franchise.
"While the 20 year anniversary edition of Nordic Game, NG24 Spring's homepage on 21-24 May in Malmö, Sweden, is getting closer, the organizers announced that more than 150 speakers are now lined up for the show." - Nordic Game.
I have to disagree, I just dont think that we will see a price drop from MS at E3. Of course, I could be wrong, but so could they. I just think we would have heard about it by now. I kinda hope im wrong cuz i need another one and this would be a great reason to get one.
I don't think they'll do a price drop considering the recent $1,000,000,000 they spent on extending the warranty and dealling with the ring issue. It would just cost too much money, even for MS.
They will probably annouce a price drop before the Halo 3 release in september...i would got with a $50 drop on all xbox SKUs if i was a betting man...
i would like to see the elite dropped to $400 the premire to $350 and the core to $200 because when you buy a core the majority of the people will buy the 20 gig hd and not a memory card
who cares 360 price cut thats only good news
for the people waiting for there repaired 360
to get back the only people buy 360 is people who
own 1 already