If you read the article completely then you noticed that pachter said that he believes that the 360 cost less than $300 to manufacture ( I agree with that) so that means that even if MS drops the price by $50 the 360 will still be producing a profit, on the other hand Sony can't afford another price drop at the moment because they will loose even more money than they already have.
This will continue to happen through out the entire lifespan of this generation (in other words: Sony will not make a profit off of the ps3 hardware ever!). Even if the ps3 manages to have a larger installed base than the 360, MS will have made more money than Sony.
Either way you look at it, it does'nt look good for sony
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