Jeff Gerstmann Just Said Sony Decided on $399 Today

He's definitely wrong then. The announcement of the price, console, and release has been finalised for a good while now and was due to be announced at E3 prior to last week. SCE did have a range in place for the price, so maybe there is a bit of a loss in message once the word reached his ears.

Good to know.
 
Crazy theory time.

I wonder if they adjusted it upwards. The initial price was 349, they saw the MS conference and just couldnt beleive their luck. :D
 
Did anyone listen to the Trenton interview with Geoff? Geoff pushed him on this topic something along the lines of did you plan multiple price points to respond to MS?

Trenton responded that it's impossible to be reactionary in this type of scenario especially with approvals and testing the price in markets. Sure, they may have planned different price points, but they said they were unable to go lower than $349. I think they were always leaning on $399, and the no DRM/used was the final blow just made it sweeter.

Also, I think Pachter said a BOM of ~$375? Slight profit, albeit a profit.
 
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Did anyone listen to the Trenton interview with Geoff? Geoff pushed him on this topic something along the lines of did you plan multiple price points to respond to MS?

Trenton responded that it's impossible to be reactionary in this type of scenario especially with approvals and testing the price in markets. Sure, they may have planned different price points, but they said they were unable to go lower than $349. I think they were always leaning on $399, and the no DRM/used was the final blow just made it sweeter.

Also, I think Pachter said a BOM of ~$375? Slight profit, albeit a profit.
He said $275 in fact.
 
I think it's crazy way to manage a business if you could just lower the price of your product, impromptu in less than a day.
 
Trentton said on the gt interview they didnt change it because of the ms price, he said you cant do business like that i believe him to some extent, i guess they had two figures on the table and picked one based on ms pricing.
 
Patrick Klepek did an interview with Scott Rohde @ Sony and the question of whether the price was a last minute reaction to Microsoft was debunked. Scott said the $399 price was targeted for years.
 
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