Pachter: Xbox 360 and PS3 Price Cut in April?

[wraggster]

Once the PS3 is at a more affordable price point (we expect a cut to $299 in April), we think that sales of that device will once again begin to grow. We expect another cut in price for the Xbox 360, with the feature-laden Pro model likely to come down in price to $249 at or before this year's E3 show in June. We expect Nintendo to maintain Wii pricing at $249 until the company sees signs that demand is slowing, which means a price cut may not happen until late in the year, if at all," Wedbush Morgan Securities analyst Michael Pachter said.

http://www.gamedaily.com/articles/news/pachter-ps3-at-299-in-april-xbox-360-price-cut-to-follow/?biz=1