Michael Pachter, an analyst from Wedbush Morgan, is predicting that Sony will be issuing yet another price cut for their flagship console.

“We think that Sony’s recent announcement of an IPO for its financial services unit (with an estimated $3 billion in proceeds) could forebode another PS3 price cut early next year. We believe that the company is interested in subsidizing sales of the console in order to stabilize its market share in the games market and grow its lead in the high-definition DVD market.”

Pachter said that he expects a $399 Playstation 3 no later than April 2008. Even if this marketing move does take place, the PS3 will continue to be the most expensive console of the current generation.

Filed under: Console news