Sony is getting pressure from analysts to lower the price of their PS2 game console. This is following a price reduction in the Xbox which is now surpassing the PS2 in sales.
Sony forecast earlier on Tuesday that PS2 sales in the business year ending March 2005 would fall by as much as 30 percent, a much sharper decline than analysts had expected.
Unless Sony cuts the price on its PS2 in order to spur sales, U.S. game software makers, many of whom track Sony’s fiscal year, may find sales growth targets harder to reach, analysts said.
Sony’s forecast that it would ship 14 million PS2s in the fiscal year to March 2005, down from 20.1 million in the year ended March 2004, came as a surprise to some analysts.
Read more at Reuters
