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UK Retailers Cut Price of PlayStation 3 to Stir Sales

Slimy   on 19 April 2007 - 21:01 · 6 comments & 3397 views

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In response to reports saying that UK sales dropped 82% the immediate week after the PlayStation 3 release, several UK retailers have taken it upon themselves to cut prices of the PS3 to as low as £387.87, £37 ($74) less than the suggested price. Earlier this morning, Sony president Ryoji Chubachi was recorded as saying that the company is in the midst of re-evaluating the pricing strategy for its newest console, though such comments were later countered by a Sony spokeswoman.

Credit goes to Sony for supplying for all of the demand, however this has left most retailers with a lot of stock and with the consoles costing around £400 you can imagine, it’s not healthy for any business to have a lot of PS3 consoles gathering dust in a warehouse. We are obviously selling the console at a loss to try and attract new customers to our site. We are sure the PS3 is going to be big business for us over the next eight years so to get a good foothold in this market is essential,” said Gameseek.co.uk boss Stephen Staley to MCV.

News source: DailyTech

Post a comment · Send to friend Comments · There are 6 additional comments
#1 +Coldgunner on 19 Apr 2007 - 21:08
Always just after I buy one lol
#2 zedman on 19 Apr 2007 - 22:39
Check out http://www.dvd.co.uk/product_PSP360GB.asp, they are doing it for £389.99 inc vat & del.
#3 dan on 20 Apr 2007 - 10:24
When the start selling them for £300 i will get one. Till then its not worth it IMO
#4 Esvandiary on 20 Apr 2007 - 14:14
Translation from Marketing-speak to English on the quote...

“Credit goes to Sony for supplying for all of the 5 units of demand, however this has left most retailers with a lot of stock and with the consoles costing around £400 you can imagine, it’s not healthy for any business to have a lot of PS3 consoles gathering dust in a warehouse. We are obviously selling the console at a loss to try and attract new customers to our site. [...]”

#5 spacer on 20 Apr 2007 - 17:32
Maybe Sony should consider lowering the prices in say...the US too if they want increased sales.
#6 well... on 21 Apr 2007 - 18:01
The us price is already lower than the uk one!

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